Hornbeck Offshore Services Q4 Profit Rises

(RTTNews) - Hornbeck Offshore Services, Inc. (HOS) reported net income for the fourth quarter of $22.2 million or $0.61 per share, compared to $11.3 million or $0.31 per share for the year-ago quarter.

Income from continuing operations for the fourth quarter was $22.1 million or $0.61 per share, compared to $9.4 million or $0.26 per share in the prior year quarter. Revenues for the fourth quarter rose 22.2% to $144.9 million from $118.6 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.62 per share on revenue of $145.01 million for the fourth quarter. Analysts' estimates typically exclude special items.