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Helix Energy: 2Q Earnings Snapshot

July 24, 2019

HOUSTON (AP) _ Helix Energy Solutions Group Inc. (HLX) on Wednesday reported second-quarter net income of $16.9 million.

On a per-share basis, the Houston-based company said it had profit of 11 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The offshore oil and gas services contractor posted revenue of $201.7 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $198.4 million.

Helix Energy shares have climbed 59% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.59, a fall of slightly more than 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLX at https://www.zacks.com/ap/HLX

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