With $4m in one-time and non-cash items stripped out,the Teekay group parent delivered adjusted net income of $3.5m, or $0.05 per share, comparedto an adjusted loss of $11.7m a year earlier. The figure strips out resultsfrom the portion of spin-off companies that do not impact shareholders in Teekay Corp.

Analysts were expecting the tanker giant to deliver anadjusted loss per share of $0.30,