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Hornbeck Offshore Services (HOS +7.4%) ramps up after blowing out Q4 EPS estimates this morning....
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Thursday, February 16, 2012, 3:35 PM ETHornbeck Offshore Services (HOS +7.4%) ramps up after blowing out Q4 EPS estimates this morning. Revenue jumped over 26% Y/Y on heavy demand. Dayrates rose modestly, but results were driven by the start of a long-term contract in Brazil during the summer. The company adds that strong cash flow from the project is anticipated to continue.
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