Helix Energy Solutions Announces Drop In Q4 Earnings

(RTTNews) - Helix Energy Solutions (HLX) reported a profit for fourth quarter that decreased from the same period last year.

The company's bottom line totaled $4.06 million, or $0.03 per share. This compares with $8.05 million, or $0.05 per share, in last year's fourth quarter.

Analysts had expected the company to earn -$0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.4% to $159.90 million from $170.75 million last year.

Helix Energy Solutions earnings at a glance:

-Earnings (Q4): $4.06 Mln. vs. $8.05 Mln. last year. -EPS (Q4): $0.03 vs. $0.05 last year. -Analysts Estimate: -$0.08 -Revenue (Q4): $159.90 Mln vs. $170.75 Mln last year.