Hercules Offshore announces fourth quarter and full year 2010 results

Hercules Offshore, Inc.  today reported a loss from continuing operations of $84.6 million, or $0.74 per diluted share, on revenue of $172.3 million for the fourth quarter 2010, compared with a loss from continuing operations of $26.9 million, or $0.23 per diluted share, on revenue of $176.4 million for the fourth quarter 2009. Fourth quarter 2010 includes a non-cash impairment charge on property and equipment of $125.1 million.  On an after tax basis, this adjustment approximated $81.3 million, or $0.71 per diluted share.
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Source: Your Oil & Gas News