Friday, April 24, 2015

Seacor Holdings takes Q1 loss as lower oil prices hurt revenue

Seacor Holdings (NYSE: CKH) Lower oil prices negatively impacted revenue for the Fort Lauderdale-based company’s offshore oil fleets in the first quarter, resulting in a loss for the period. Seacor, which provides equipment to the offshore oil and gas, shipping and logistics industries, lost $19.6 million, or $1.10 a share, down from net income of $11.5 million, or 57 cents a share, in the same period a year ago. Shares of Seacor were down $4.74, or 6.3 percent, to $70.14 on Friday morning. Highlights…

No comments:

Post a Comment