Knot Offshore Partners Q3 Swings to Net Loss, Revenue Increases

MT Newswires Live12-05

Knot Offshore Partners (KNOP) reported Q3 net loss late Wednesday of $3.8 million, swinging from net income of $12.6 million a year earlier.

Two analysts surveyed by FactSet expected net loss of $700,000.

Revenue for the quarter ended Sept. 30 rose to $76.3 million from $72.7 million a year earlier. Two analysts polled by FactSet expected $74.3 million.

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