Hornbeck Offshore: 2Q Earnings Snapshot
COVINGTON, La. (AP) _ Hornbeck Offshore Services (HOS) on Wednesday reported a loss of $25.1 million in its second quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 67 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 73 cents per share.
The offshore vessel provider posted revenue of $58.4 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $56.5 million.
The company’s shares closed at $4.75. A year ago, they were trading at $2.40.