UPDATE 1-Hercules Offshore Q1 loss narrower than Street view

* Q1 loss/shr $0.14 vs est $0.27

* Revenue down 32 pct

April 29 (BestGrowthStock) – Drilling contractor Hercules Offshore
Inc (HERO.O: ) posted a narrower-than-expected first-quarter
loss, helped by lower expenses.

Net loss was $16.0 million, or 14 cents a share, compared
with loss of $4.9 million, or 6 cents a share, a year earlier.

Total revenue fell 32 percent to $150.8 million.

Analysts, on average, expected Hercules to post a loss of
27 cents a share on revenue of $157.8 million, according to
Thomson Reuters I/B/E/S.

Operating expenses fell 27 percent to $108.6 million.

Shares of the company closed at $4.41 Wednesday on Nasdaq.

Investment Research

(Reporting by Arup Roychoudhury in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-Hercules Offshore Q1 loss narrower than Street view