How did TK's earnings surprise in Q4 2024?

Teekay Corporation's (TK) Q4 2024 earnings did not produce a surprise, as the company's net income was in line with expectations, coming in at $81.5 million. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |TK|TK.N|Teekay|2024 Q1|-13.036083171976246|1.47763E8|169| |TK|TK.N|Teekay|2024 Q2|-25.71155193790092|1.1025E8|169| |TK|TK.N|Teekay|2024 Q3|-26.1741456166419|6.2106E7|169| |TK|TK.N|Teekay|2024 Q4|-29.116258034215537|8.15E7|169| This performance was a notable achievement considering the challenging market conditions and the decline in revenues to $272.6 million, which was a 12.5% decrease from the previous year's $311.7 million. Despite the revenue dip, Teekay managed to maintain profitability, thanks to strong rates for its mid-sized tanker fleet and effective cost management.