Bristow Group Inc. Q4 Earnings Fall 85%

(RTTNews) - Bristow Group Inc. (BRS) announced a profit for fourth quarter that dropped from last year.

The company said its earnings totaled $4.72 million, or $0.13 per share. This was down from $31.80 million, or $0.91 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.4% to $375.27 million. This was down from $418.88 million last year.

Bristow Group Inc. earnings at a glance:

-Earnings (Q4): $4.72 Mln. vs. $31.80 Mln. last year. -Earnings Decline (Y-o-Y): -85.2% -EPS (Q4): $0.13 vs. $0.91 last year. -EPS Decline (Y-o-Y): -85.7% -Analysts Estimate: $0.51 -Revenue (Q4): $375.27 Mln vs. $418.88 Mln last year. -Revenue Change (Y-o-Y): -10.4%