CORRECTED-Hercules Offshore posts loss due to soft demand, weak prices

April 29, 2015 12:12 PM

57 0

April 29 (Reuters) - Drilling contractor Hercules Offshore Inc reported a first-quarter loss compared with a profit a year earlier, hurt by soft demand and weak rig prices.

The company recorded a $15.2 million charge related to early debt retirement and issuance costs in the year-ago quarter.

Also read: Marc Anthony’s accountant busted for stealing $2.5M from the singer

Read more

To category page