Hercules Offshore, Inc. (HERO) reported fourth-quarter net income of $4.27 million or $0.03 per share, compared to a loss of $21.49 million or $0.16 per share last year. Revenue increased to $202.63 million from $162.79 million last year. Revenue generated from Domestic Offshore increased by 21.9% to $91.1 million, as a result of improving dayrates partially offset by a reduction in utilization.
On average, 26 analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $187.87 million for the quarter.
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