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Stock Market & Financial Investment News

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February 25, 2013
18:04 EDTGLFGulfMark Offshore reports Q4 EPS (19c), may not compare to consensus 27c
Reports Q4 consolidated revenue $95M, consensus $99.57M. Consolidated operating income was down $15.8M as a result of a combination of lower quarterly revenue, coupled with approximately $3.0M of higher direct operating expenses during the quarter, no gains on asset sales, which amounted to $3.9M in Q3, an impairment charge of $300K, and an increase in bad debt expense of $2.3M. Net loss for the quarter also included a write-off of $600K of unamortized debt fees resulting from the termination of the facility agreement.
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