Hornbeck Offshore: 4Q Earnings Snapshot
COVINGTON, La. (AP) _ Hornbeck Offshore Services (HOS) on Wednesday reported a fourth-quarter loss of $24.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 64 cents. Losses, adjusted for non-recurring gains, came to 79 cents per share.
The offshore vessel provider posted revenue of $53.9 million in the period.
For the year, the company reported a loss of $119.1 million, or $3.18 per share, swinging to a loss in the period. Revenue was reported as $212.4 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.49. A year ago, they were trading at $3.89.