GulfMark Offshore, Inc. (GLF) reported net income for the second quarter of $14.2 million or $0.54 per share, compared to $9.9 million or $0.38 per share for the year-ago quarter.
Excluding special items, adjusted earnings for the latest quarter were $0.91 per share.
Revenue for the second quarter rose to $131.37 million from $111.35 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.96 per share on revenue of $132.90 million for the second quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast third quarter revenue of $130 million to $135 million, and lowered its full year revenue guidance to a range of $510 million to $525 million from its prior guidance of $525 million to $555 million.
Analysts currently expect the company to post revenue of $144.15 million for the third quarter and $537.98 million for the full year 2014.
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