Helix Energy: 1Q Earnings Snapshot

Helix Energy: 1Q Earnings Snapshot

Associated Press

HOUSTON (AP) _ Helix Energy Solutions Group Inc. (HLX) on Monday reported first-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had net income of 1 cent per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The offshore oil and gas services contractor posted revenue of $166.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $158.6 million.

Helix Energy shares have climbed 59 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.59, a rise of 33 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLX at https://www.zacks.com/ap/HLX