HOUSTON (AP) — Helix Energy Solutions Group Inc. (HLX) on Monday reported third-quarter profit of $31.7 million.
On a per-share basis, the Houston-based company said it had net income of 21 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The offshore oil and gas services contractor posted revenue of $212.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $207.2 million.
Helix Energy shares have risen 54% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.31, a decrease of 19% in the last 12 months.