Bristow Group Inc. Q2 Profit Falls 96%

(RTTNews) - Bristow Group Inc. (BRS) released earnings for second quarter that decreased from last year.

The company said its bottom line fell to $1.27 million, or $0.04 per share. This was lower than $31.06 million, or $0.87 per share, in last year's second quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.0% to $446.91 million. This was down from $475.64 million last year.

Bristow Group Inc. earnings at a glance:

-Earnings (Q2): $1.27 Mln. vs. $31.06 Mln. last year. -Earnings Decline (Y-o-Y): -95.9% -EPS (Q2): $0.04 vs. $0.87 last year. -EPS Decline (Y-o-Y): -95.4% -Analysts Estimate: $0.68 -Revenue (Q2): $446.91 Mln vs. $475.64 Mln last year. -Revenue Change (Y-o-Y): -6.0%

-Guidance: Full year EPS guidance: $1.80 - $2.40