Hornbeck Offshore Services Inc (NYSE:HOS) beat analysts' estimates, as the provider of marine transportation posted solid numbers for the quarter.
Earnings for the quarter came in at $13 million, or 48 cents a share, far surpassing the $199,000, or 1 cent a share, they generated in the same quarter last year.
For revenue and earnings, analysts had been looking for $94 million in revenue and 14 cents a share in earnings.
Revenue increased to $111.9 million, a 14 percent gain. Revenue from upstream operations was $100.5 million, rising 20 percent.
For the year, Hornbeck gave a guidance range of 81 cents a share to $1.73 a share for the full year. That beats the expected 76 cents analysts projected.
Hornbeck was the company that pressed hardest for the oil moratorium by Obama to be lifted, and temporarily had it stopped.
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