Bristow Group Inc. Q3 Profit Retreats 5%

(RTTNews) - Bristow Group Inc. (BRS) announced earnings for third quarter that decreased compared to the same period last year.

The company said its earnings dropped to $23.53 million, or $0.67 per share. This was lower than $24.72 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.2% to $395.16 million. This was down from $430.32 million last year.

Bristow Group Inc. earnings at a glance:

-Earnings (Q3): $23.53 Mln. vs. $24.72 Mln. last year. -Earnings Decline (Y-o-Y): -4.8% -EPS (Q3): $0.67 vs. $0.70 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $0.63 -Revenue (Q3): $395.16 Mln vs. $430.32 Mln last year. -Revenue Change (Y-o-Y): -8.2%

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