LAFAYETTE, La. (AP) _ PHI Inc. (PHIKQ) on Thursday reported a loss of $35.2 million in its first quarter.
On a per-share basis, the Lafayette, Louisiana-based company said it had a loss of $2.23. Losses, adjusted for restructuring costs, were $1.59 per share.
The helicopter transportation company serving the oil and gas industry posted revenue of $151.9 million in the period.
In the final minutes of trading on Thursday, the company's shares hit 40 cents. A year ago, they were trading at $12.81.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHIKQ at https://www.zacks.com/ap/PHIKQ