War-driven spike in tanker rates drives Teekay’s soaring profits

Teekay Corporation (TK) reported Q2 2026 GAAP net income of $226 million ($6.49/share) including a $32.3 million gain from selling a Suezmax vessel. Adjusted net income was $194 million ($5.56/share), up 50% vs. the prior quarter. The company generated $200 million in free cash flow, ended with $1.2 billion cash and zero debt, and committed $190 million for two Suezmax newbuildings.

TEEKAY CORP LTD (TK) furnished an SEC Form 6-K — earnings release. Item 1 — Information Contained in this Form 6-K Report Attached as Exhibit 1 is a copy of an announcement of Teekay Corporation Ltd. dated July 29, 2026. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to b

Teekay Corp.’s (NYSE:TK) shares opened lower Tuesday after closing at $13.34 and gapping down to $12.38; the stock last traded at $12.50. Wall Street Zen downgraded TK from buy to hold, according to MarketBeat. Teekay reported $0.55 EPS on May 13 and announced a $1.00 special dividend payable June 2.

JPMorgan cut Lululemon's (LULU) price target by 38% to $95, citing weak Q2 results and lower guidance. Revenue fell 4% to $2.4B, with North America and China sales declining. LULU stock is down 80% from highs. Boss maintained a 'Neutral' rating, noting challenges and high marketing costs.

Grupo Supervielle (SUPV) reported a net income of AR$12.8 billion for Q2, reversing a prior loss, driven by a 17% workforce reduction and cost-cutting. Adjusted net income was AR$36.2 billion, with an adjusted ROAE of 12.4%. Lending metrics improved, with net interest income up 13.1% and NPL ratio at 5.5%. However, the bank posted a net loss of AR$5.4 billion for H1, with ROAA at 0.6% for Q2 and -0.1% for H1.

Dell's stock rose 15% after reporting a 58% revenue increase to $47B, driven by AI infrastructure demand. AI-optimized server sales doubled to $16.4B, and traditional server revenue surged 122% to $10.5B. Adjusted earnings per share rose 203% to $7.04. Dell raised its full-year guidance, expecting 69% revenue growth to $192B and 148% earnings growth to $25.50 per share.