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Hercules Offshore Posts 1st-quarter Loss
Stock quotes in this article:
HERO
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HOUSTON (AP) — Offshore drilling services company Hercules Offshore Inc. on Tuesday posted a first-quarter loss due to demand and commodity price weakness and higher operating costs amid a struggling energy market.
The company reported a loss of $4.9 million, or 6 cents per share, compared with earnings of $4.5 million, or 5 cents per share, during the same period last year.
Revenue climbed 5.2 percent to $223.5 million from $212.5 million. ...
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