| Hercules Offshore meets 3Q profit forecasts | |
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HOUSTON (AP) _ Hercules Offshore Inc. (HERO) on Thursday reported a loss of $88.6 million in its third quarter.
The Houston-based company said it had a loss of 55 cents per share. Losses, adjusted for asset impairment costs, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The provider of offshore drilling services to oil and gas operators posted revenue of $221.9 million in the period, exceeding Street forecasts. Analysts expected $211.9 million, according to Zacks.
The company's shares closed at $1.62. A year ago, they were trading at $7.51.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. HERO stock research report from Zacks: http://www.zacks.com/ap/HERO
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Keywords:Hercules Offshore,Earnings Report
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Hercules Offshore, Inc.
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CODE : HERO |
ISIN : US4270931094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hercules Offshore is based in United states of america. Hercules Offshore is listed in Germany and in United States of America. Its market capitalisation is US$ 82.0 billions as of today (€ 76.7 billions). Its stock quote reached its lowest recent point on October 12, 2015 at US$ 0.05, and its highest recent level on April 26, 2024 at US$ 19.61. Hercules Offshore has 4 183 629 824 shares outstanding. |