* Q4 EPS $1.04 vs est $1.01 * Operating rev up 5 pct
Feb 18 Oilfield services company Seacor
Holdings Inc (CKH.N) posted a better-than-expected quarterly
profit, as its inland river services business helped offset
declines in its other major segments.
The company said higher freight rates and increased
freight loadings due to seasonal harvest activity helped its
inland river services business post a 56 percent rise in
For the fourth quarter, net income attributable to Seacor
was $22.2 million, or $1.04 a share, compared with $70.5
million, or $3.11 a share, last year.
Revenue rose 5 percent to $476.5 million.
Analysts on average were expecting the company to post a
profit of $1.01 a share, before items, on revenue of $431.2
million, according to Thomson Reuters I/B/E/S.
The company, which provides equipment and services
supporting the offshore oil and gas and marine transportation
industries, said it called and settled all of its outstanding
convertible senior debentures due 2024.
Shares of the Fort Lauderdale-based company closed at
$72.49 on the New York Stock Exchange.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by