Helix Energy Solutions Q3 Profit Rises - Quick Facts

(RTTNews) - Helix Energy Solutions Group, Inc. (HLX) reported third-quarter net income to company of $75.6 million, or $0.71 per share, compared to $44.6 million, or $0.42 per share, for the same period in 2013.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $340.84 million from $220.12 million, last year. Analysts expected revenue of $299.51 million for the quarter.

Owen Kratz, President and CEO of Helix, said, "We executed at a high level in the third quarter for both the Well Intervention and the Robotics businesses. This quarter's results reflect the strong demand for our services and the earnings ability of our existing asset base. As previously forecasted, the fourth quarter's earnings are expected to decline as a result of two of our Well Intervention vessels - the Skandi Constructor and the Seawell - entering dry dock, as well as normal seasonal factors in the Robotics business."