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Helix Energy Solutions Q3 Loss decreases, but misses estimates

Helix Energy Solutions (HLX) reported Loss for third quarter that decreased from last year but missed the Street estimates.

The company's earnings totaled -$18.76 million, or -$0.12 per share. This compares with -$19.04 million, or -$0.13 per share, in last year's third quarter.

Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 50.8% to $272.55 million from $180.72 million last year.

Helix Energy Solutions earnings at a glance (GAAP) :

-Earnings (Q3): -$18.76 Mln. vs. -$19.04 Mln. last year.
-EPS (Q3): -$0.12 vs. -$0.13 last year.
-Analyst Estimates: -$0.01
-Revenue (Q3): $272.55 Mln vs. $180.72 Mln last year.

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