Gulfmark Offshore, Inc. (GLF) Misses Q2 EPS by 6c; Guides Revs Lower

Gulfmark Offshore, Inc. (NYSE: GLF) reported Q2 EPS of $0.91, $0.06 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $131.4 million versus the consensus estimate of $133.14 million.

Quintin Kneen, President and CEO, commented, "Strong performance in the U.S. Gulf of Mexico and our increasing vessel count drove us to our highest-ever total quarterly revenue, and are keeping us on pace for our first full year revenue in excess of $500 million. Still, activity levels in the North Sea and Southeast Asia this quarter were lower than we anticipated, and we had a couple of special items that impacted our overall results.

Gulfmark Offshore, Inc. sees Q3 2014 revenue of $130-135 million, versus the consensus of $144.15 million.

Gulfmark Offshore, Inc. sees FY2014 revenue of $510-525 million, versus the consensus of $537.98 million.

For earnings history and earnings-related data on Gulfmark Offshore, Inc. (GLF) click here.

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