FX.co ★ Helix Energy Solutions Profit Rises In Q3, Beats Estimates

Helix Energy Solutions (HLX) announced its third-quarter earnings, which exhibited a significant increase compared to the same timeframe last year, and surpassed Wall Street expectations.

The company reported earnings amounting to $29.51 million, equivalent to $0.19 per share. This reflects a notable rise from the $15.56 million, or $0.10 per share, recorded in the previous year's third quarter.

As compiled by Thomson Reuters, analysts had anticipated the company to achieve earnings of $0.17 per share on average, typically excluding any special items.

However, revenue for the quarter experienced a decline of 13.5%, decreasing to $342.419 million from the previous year's $395.670 million.

An overview of Helix Energy Solutions' third-quarter financials (in accordance with GAAP):

- Earnings: $29.51 million compared to $15.56 million in the previous year.

- Earnings per Share (EPS): Increased to $0.19 from $0.10 last year.

- Revenue: Experienced a downturn to $342.419 million from last year’s $395.670 million.

**Guidance:** The company has provided guidance for full-year revenue, projecting it to range between $1,300 million and $1,365 million.