More on Hercules Offshore's (HERO) Q4 results: Domestic offshore operating income rose 11% to...

|About: Hercules Offshore Inc (HERO)|By:, SA News Editor

More on Hercules Offshore's (HERO) Q4 results: Domestic offshore operating income rose 11% to $10M as revenue jumped 22% on stronger day rates; utilization fell to 81.3% from 85.7%. International offshore swung to a profit of $9.8M, from a loss of $6M a year ago as revenue also increased 22%; utilization rose to 78.7% from 74.1%. Shares +7.8% premarket, as the company posted its first profit since 2008.