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.

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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.

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