COVINGTON, La. (AP) _ Hornbeck Offshore Services (HOS) on Wednesday reported a loss of $27.9 million in its first quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 76 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share.
The offshore vessel provider posted revenue of $44.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $39 million.
In the final minutes of trading on Wednesday, the company's shares hit $3.12. A year ago, they were trading at $10.63.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOS at https://www.zacks.com/ap/HOS
Keywords: Hornbeck Offshore, Earnings Report