Teekay Tankers Ltd. (TNK) shares are progressing more than 12 percent on Thursday morning trade after reporting a turnaround to profit of $169.37 million or $4.97 per share compared to loss of $13.94 million or $0.41 per share last year. On an adjusted basis, earnings were $5.13 per share.
Revenue for the quarter surged to $394.66 million from $174.02 million in the previous month.
Currently, shares are at $43.93, up 12.32 percent from the previous close of $39.11 on a volume of 425,064.
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