CHC Group Q2 Net Loss Narrows

(RTTNews) - CHC Group (HELI) reported narrower net loss of $41 million or $1.10 per share in the second quarter compared with net loss of $177 million or $2.67 per share in the year ago quarter.

Second quarter non-GAAP loss was 26 million or $0.34 per share compared with non-GAAP loss of $25 million or $0.31 per share last year.

Revenue in the second quarter fell to $443 million from $458 million in the comparable quarter a year ago.

Analysts expected the company to report net loss of $0.38 per share on revenues of $470.08 million for the period. Analysts' estimates usually exclude one-time items.