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Helix Energy -10% after completing strategic review

Published 10/23/2017, 11:34 AM
© Reuters.  Helix Energy -10% after completing strategic review
HLX
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  • Helix Energy (HLX -10.2%) falls as much as 13% after the company says in its earnings conference call that it recently finished a strategic review but will focus on strengthening its balance sheet, executing operationally and expanding profit margins.
  • Two weeks ago, WSJ reported that HLX was exploring alternatives including a potential sale of the company.
  • Shares already were lower after reporting in-line Q3 earnings and forecasting FY 2017 revenues of $570M-$590M vs. $583M analyst consensus estimate.
  • Source: Briefing.com
  • Now read: Helix Energy Solutions Group, Inc. 2017 Q3 - Results - Earnings Call Slides


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