Seacor Profit Rises

(RTTNews) - Seacor Holdings Inc. (CKH) Monday reported third-quarter net earnings of $33.8 million, up from $30.8 million last year.

After payment of earnings attributable to noncontrolling interests in subsidiaries of $6.3 million, net income for the quarter was $27.5 million or $1.28 per share compared with $30.3 million or $1.36 per share last year.

Revenues for the quarter were $338.9 million compared with $336.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.83 per share on revenues of $341.4 million for the quarter. Analysts' estimates typically exclude special items.

Seacor owns equipment primarily in the offshore oil and gas, shipping, and logistics industries.