Hornbeck Offshore Services, Inc. (NYSE:HOS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hornbeck Offshore Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 85.71% to $0.65 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 17.2% to $154.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hornbeck Offshore Services, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.52. It beat the average revenue estimate of $148.3 million.
Key Stats (on next page)…