Helix Energy Solutions Group Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company's vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).

Premarket

Last Trade
Delayed
$3.02
0.41 (15.71%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$2.61
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
67,156

10-day average volume:
2,419,618
67,156

UPDATE: Dow's stock falls after better-than-expected results reported, but also job cuts

10:15 am ET July 23, 2020 (MarketWatch)
Print

Shares of Dow Inc. (DOW) slumped 4.7% in morning trading Thursday, after the materials science company swung to a narrower-than-expected loss and reported revenue that fell less than expected, but also said it will cut its workforce by 6% as part of a restructuring aimed at increasing its expense reduction target to $500 million from $350 million. The net loss was $225 million, or 31 cents a share, after a net income of $75 million, or 10 cents a share, in the year-ago period. The operating loss, which excluding non-recurring items such as integration and separation costs, the per-share loss was 26 cents, compared with the FactSet consensus for a loss of 28 cents. Sales fell 24% to $8.35 billion, above the FactSet consensus of $8.04 billion, as all three of its business segments beat sales expectations. "We captured solid demand growth in packaging, health and hygiene, home care and pharma end-markets, which partially offset weakness in consumer durable goods," said Chief Executive Jim Fitterling. "Extended economic lockdowns shifted the inflection point for demand recovery in key markets and geographies into June, where we began to see gradual improvements across most industries." Dow's stock has dropped 22.8year to date through Wednesday, while the Dow Jones Industrial Average has slipped 5.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 23, 2020 10:15 ET (14:15 GMT)

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