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Cal Dive International Inc Message Board

  • A Yahoo! User Nov 7, 2012 7:31 PM Flag

    Earnings Report not that bad.....

    Positive signs of improvements...

    Third-quarter net loss of $16 million or $0.17 per share, compared with net loss of $34.4 million or $0.37 per share last year......Losses are narrowing = good sign.

    Results for the 2012 quarter included, among other things, a $14.8 million after-tax non-cash impairment charge, while the prior year had such charges of $28.8 million....Another example of narrowing losses = good sign.

    Revenues for the quarter were higher at $138 million, compared with $132 million a year ago.....Increase in revenue = good sign.

    It all depends on how you look at it.....Report could have been much worse...I have no idea how this is going to affect share price tomorrow or in future weeks. We will see...

    Conference call tomorrow @ 9 am central time.

    Sentiment: Buy


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