Hercules Offshore, Inc. (HERO) reported third quarter net loss of $48.26 million or $0.50 per share, compared to net income of $31.67 million or $0.36 per share last year.
Loss per share from continuing operations was $0.48, compared to earnings per share of $0.36 in the same quarter last year.
Non-GAAP loss from continuing operations was $37.17 million or $0.38 per share for the quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to report loss of $0.35 per share. Analysts' estimates typically exclude special items.
Revenues declined to $159.26 million from $315.74 million in the third quarter last year. Eleven analysts estimated revenues of $158.34 million.
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