The US offshore vessel owner said it expects to earn $490m to $495m in 2014, down from its previous guidance for $510m to $525m.

The company also reported $24.3m in net income during the third quarter, down from $32.3m in the third quarter of 2013.

With special items stripped out, the $0.75 in adjusted quarterly earnings per share (EPS) was below the average analyst forecast of $0.82,