HOUSTON (AP) -- Shares of oil and gas services contractor Helix Energy Solutions Group Inc. rose Monday after the company reported that first-quarter income rose, helped by a boost in subsea construction work.
Helix said Sunday that net income climbed to $65.7 million, or 62 cents per share, from $25.9 million, or 24 cents per share, a year earlier.
Analysts expected 36 cents per share, according to FactSet.
The 2012 results included 10 cents per share of expenses for early retirement of debt.
Revenue rose to $407.9 million from $291.6 million a year ago.
The shares rose $1.44, or 8.3 percent, to $18.80 in midday trading Monday.