| Hercules Offshore reports 4Q loss | |
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HOUSTON (AP) _ Hercules Offshore Inc. (HERO) on Thursday reported a loss of $154.1 million in its fourth quarter.
The Houston-based company said it had a loss of 96 cents per share. Losses, adjusted for asset impairment costs, came to 23 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The provider of offshore drilling services to oil and gas operators posted revenue of $178.7 million in the period, falling short of Street forecasts. Analysts expected $181.1 million, according to Zacks.
For the year, the company reported that its loss widened to $216.1 million, or $1.35 per share. Revenue was reported as $900.3 million.
The company's shares closed at 89 cents. A year ago, they were trading at $4.43.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HERO at http://www.zacks.com/ap/HERO
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Keywords: Hercules Offshore, Earnings Report
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Hercules Offshore, Inc.
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CODE : HERO |
ISIN : US4270931094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hercules Offshore is based in United states of america. Hercules Offshore is listed in Germany and in United States of America. Its market capitalisation is US$ 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. |