Helix Energy Solutions (HLX) revealed Loss for its first quarter that increased from last year and missed the Street estimates.
The company's earnings came in at -$26.29 million, or -$0.17 per share. This compares with -$5.17 million, or -$0.03 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.4% to $296.21 million from $250.08 million last year.
Helix Energy Solutions earnings at a glance (GAAP) :
-Earnings (Q1): -$26.29 Mln. vs. -$5.17 Mln. last year.
-EPS (Q1): -$0.17 vs. -$0.03 last year.
-Revenue (Q1): $296.21 Mln vs. $250.08 Mln last year.
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