Helix Energy: 2Q Earnings Snapshot
Posted July 22, 2020 6:14 pm.
Last Updated July 22, 2020 6:24 pm.
This article is more than 5 years old.
HOUSTON (AP) _ Helix Energy Solutions Group Inc. (HLX) on Wednesday reported second-quarter net income of $5.5 million.
The Houston-based company said it had profit of 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The offshore oil and gas services contractor posted revenue of $199.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $173.7 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.82. A year ago, they were trading at $8.29.
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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 HLX at https://www.zacks.com/ap/HLX
The Associated Press
