UPDATE: Hornbeck Offshore Posts Q1 Profit

Hornbeck Offshore Services Inc

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.