Hornbeck Offshore Services (HOS +7.4%) ramps up after blowing out Q4 EPS estimates this morning....

|About: Hornbeck Offshore Services,... (HOS)|By:, SA News Editor

Hornbeck 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.