Hornbeck Offshore Service (HOS) Reports Q4 Revenues of $56.2

Hornbeck Offshore Service (NYSE: HOS) reported Q4 EPS of ($0.44), $0.31 better than the analyst estimate of ($0.75), may not compare. Revenue for the quarter came in at $56.2 million versus the consensus estimate of $40.65 million.

Tax Reform Note:

"Included in the Company\'s fourth quarter 2017 results is a $125.2 million tax benefit related to U.S. tax reform legislation that was enacted in December 2017, partially offset by $14.2 million of tax expense due to valuation allowances related to tax credits that may expire prior to being utilized and a $1.7 million non-cash write-off of goodwill. Excluding the net impact of these reconciling items, net loss and diluted EPS for the fourth quarter of 2017 would have been $(16.1) million and $(0.44) per diluted share, respectively."

For earnings history and earnings-related data on Hornbeck Offshore Service (HOS) click here.

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