HOUSTON (AP) _ GulfMark Offshore Inc. (GLF) on Monday reported a loss of $ 91.2 million in its first quarter.
The Houston-based company said it had a loss of $ 3.66 per share. Losses, adjusted for one-time gains and costs, came to 50 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 50 cents per share.
The provider of supplies to the offshore oil industry posted revenue of $ 38.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $ 38.5 million.
GulfMark Offshore shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $ 5.85, a decrease of 57 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLF at http://www.zacks.com/ap/GLF
_____
Keywords: GulfMark Offshore, Earnings Report
