UPDATE: Hornbeck Offshore Posts Q1 Profit
Hornbeck Offshore Services Inc (NYSE: HOS) posted a profit in the first quarter. \ Hornbeck Offshore posted its quarterly profit at $6.3 million, or $0.18 per share, versus a year-ago loss of $9 million, or $0.34 per share. Exluding items, Hornbeck Offshore earned $0.27 per share. However, analysts were expecting earnings of $0.29 per share.
Hornbeck Offshore's revenue jumped 66% to $120 million.
Hornbeck Offshore shares closed at $42.68 yesterday.
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