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SEACOR Marine reports surprise profit, stock drops despite revenue decline and fleet sales.
SEACOR Marine reported a surprise profit of $0.03 per share, beating estimates by $0.64, but its stock fell to $5.71.
Despite a 4.5% drop in revenues to $69.8 million, the company saw an increase in operating income to $10.6 million and average day rates up 4.8% to $18,901.
SEACOR also sold two vessels for $22.5 million, gaining $15.6 million, which will help fund new PSVs.
The company faces a lull in offshore drilling but remains optimistic about its fleet's positioning.
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SEACOR Marine reporta ganancias sorprendentes, caídas de stock a pesar de la disminución de ingresos y ventas de flotas.