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Helix Energy Solutions Group

Helix Energy Solutions Group 's 2Q Results: Postgame Scorecard

With an increase in profit, Helix Energy Solutions Group (NYSE:HLX) beat analysts' expectations in the second quarter.Earnings and Revenue The company posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported adjusted net income of 51 cents a share versus the 43 cents a share estimate and revenues of $347.4 million versus the $356.5 million estimate.The company's net income for the quarter was $44.6 million. According to the reported number, this is up 8% from last year's levels. Revenue climbed 2.7% from $338.3 million in the same period last year.Company Fundamental Trends The company's revenue has grown during each of the past three quarters on a year-over-year basis.History Against Expectations The company has now topped analyst estimates for the last three quarters.Official Comment: Owen Kratz, President and Chief Executive Officer of Helix, stated, "notwithstanding that both the Q4000 and the Seawell were out of service for a good p...

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