HAMILTON, Bermuda (AP) _ Teekay Corp. (TK) on Thursday reported first-quarter net income of $30 million, after reporting a loss in the same period a year earlier.

The Hamilton, Bermuda-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share.

The oil and gas shipping company posted revenue of $359.1 million in the period. Its adjusted revenue was $282.9 million.

The company's shares closed at $3.52. A year ago, they were trading at $3.13.

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