Teekay Corp has kicked-off 2017 with a bigger than expected loss as its revenue declined by 15%.
The New York-listed company saw red ink of $45.3m from January to March, compared to $48.8m a year ago.
Its adjusted net loss was $35.7m, against $6.17m in the corresponding quarter of 2016.
Adjusted loss per share of $0.41 was higher than the analysts’ consensus of $0.16.
