Helix Energy Solns Gr Q3 2024 GAAP EPS $0.19 Beats $0.17 Estimate, Sales $342.419M Miss $362.418M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helix Energy Solutions Group reported Q3 2024 earnings per share of $0.19, surpassing the expected $0.17. However, their sales of $342.419 million fell short of the $362.418 million estimate, marking a 13.46% decline from the previous year.
October 23, 2024 | 10:07 pm
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NEUTRAL IMPACT
Helix Energy Solutions Group's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed financial performance.
The EPS beat suggests operational efficiency or cost management, which is positive. However, the sales miss and year-over-year decline indicate potential challenges in revenue generation, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100