Why Bristow Group Stock Blew Up Today [The Motley Fool]
BRISTOW GROUP (BRS)
Last bristow group earnings: 2/11 04:33 pm
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Source: The Motley Fool
Bristow beat earnings, but investors are focused on sales. Rich Smith ( TMFDitty ) May 24, 2018 at 5:55PM What happened Shares of Bristow Group ( NYSE:BRS ) stock closed down 20.2% on Thursday, one day after reporting fiscal year-end earnings that actually looked a bit better than Wall Street had predicted. Bristow reported sales of $341.2 million in its final quarter of the year, just shy of the $342.7 million that analysts had anticipated. The company's adjusted loss for the quarter, on the other hand, $0.48 per share, was quite a bit less than the $0.66 analysts had expected Bristow to lose -- an earnings beat. Providing helicopter rides to the oil industry is Bristow's business -- and business is bad. Image source: Getty Images. So what That being said, a loss is still a loss -- and in Bristow's case, the loss was arguably a lot w
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