Helix Energy Solutions Q1 Loss decreases, beats estimates

(RTTNews) - Helix Energy Solutions (HLX) revealed Loss for first quarter that decreased from the same period last year and beat the Street estimates.

The company's bottom line totaled -$5.17 million, or -$0.03 per share. This compares with -$42.03 million, or -$0.28 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 66.6% to $250.08 million from $150.13 million last year.

Helix Energy Solutions earnings at a glance (GAAP) :

-Earnings (Q1): -$5.17 Mln. vs. -$42.03 Mln. last year. -EPS (Q1): -$0.03 vs. -$0.28 last year. -Analyst Estimates: -$0.04 -Revenue (Q1): $250.08 Mln vs. $150.13 Mln last year.