* Q4 EPS $0.03 vs est of $0.08
* Rev falls 44 pct, misses estimates
* Sees Q1 loss, "challenging" H1 2010
* Sees markets improving in H2 2010
* Shares down 6 pct after-market
Feb 24 Offshore energy services company Cal
Dive International Inc DVR.N reported fourth-quarter earnings
below estimates, and said continued low activity levels would
likely lead to a first-quarter loss, sending its shares down 6
"We do anticipate a challenging market during the first
half of 2010 and our earnings for that period to be well below
that of the corresponding period for 2009," Chief Executive
Quinn Hébert said, adding that the first quarter activity
levels would be the slowest of the year.
The company, however, added that conditions would likely
improve by the second half of the year.
For the latest fourth quarter, the company reported a
profit of $2.8 million, or 3 cents a share, compared with
earnings of $46.1 million, or 43 cents a share, last year.
Revenue fell 44 percent to $147.4 million.
Analysts on average were looking for a profit of 8 cents a
share, on revenue of about $177.2 million, according to Thomson
Cal Dive shares were down 6 percent at $6.80 in post-market
trade, after having closed at $7.20 Wednesday on the New York
(Reporting by Adveith Nair in Bangalore; Editing by Maju