By market close, shares had fallen 7.5% to $1.35.
Over the three months to March, Cal Dive reported a net loss of 10 cents a share and revenue of $85.6 million. Analysts surveyed by Thomson Reuters had forecast a net loss of 7 cents a share and revenue of $93.6 million.
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TheStreet Ratings team rates CAL DIVE INTERNATIONAL INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAL DIVE INTERNATIONAL INC (DVR) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
- You can view the full analysis from the report here: DVR Ratings Report