Hercules (HERO) Pounded On Poor Results

Posted in pre-market 
September 24th, 2009

Hercules OffShore (HERO) is trading off by 11% to $5.58 against a 52-week high of $18.09.

Hercules Offshore forecast third-quarter revenue of $155 million to $160 million, below what analysts have been expecting. The company was forecsast to do over $165.

Hercules also said it would offer up to 17.5 million shares of stock.

Douglas A. McIntyre

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