Hornbeck Offshore Services Beats Estimates (HOS)

Hornbeck Offshore Services

on Thursday morning released financial results that beat Wall Street expectations. Hornbeck Offshore Services reported that its 3rd quarter net income rose to $18.2 million, or 67 cents per share, up from $13.8 million, or 51 cents per share, a year earlier. Revenues climbed 39.2% to $125.4 million, up from $90.1 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 24 cents per share, on revenue of $102.68 million. The company forecast full-year EPS in the range of 89 cents to $1.35. Hornbeck Offshore Services (

) ended the previous trading session at $23.13 per share. Analysts covering the company's stock have a consensus price target of $20.13 per share. Read more