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0.000696864111498243 0.000696864111498243 0.00522648083623688 0.00278745644599297 0.0076655052264808 0.0264808362369337 0.0439024390243902 0.0202090592334494
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Diamond Offshore -3% after Q4 loss, reduced revenues [Seeking Alpha]

DIAMOND OFFSHORE DRILLING (DO)  More Company Research Source: Seeking Alpha
Last diamond offshore drilling earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.diamondoffshore.com
PDF Diamond Offshore -3% after Q4 loss, reduced revenuesDiamond Offshore Drilling (DO-3.8%) is sharply lower despite reporting a smaller than expectedQ4 loss, as revenues came in 12% lower Y/Y.DO reported an unadjusted net loss of $31.9M, or a $0.23/share loss, in Q4 vs. a $10.8M net profit, or $0.08/share, in Q3 and a year-ago profit of $116M, or $0.85/share, as it took a $28M impairment charge related to its rigs.Operational efficiency of the company's fleet was 98.8% in Q4, compared to 94.3% in Q3.DO says itsOcean Guardian semi-submersible drilling rig won a contract with Chevron in the U.K. starting in May and ending in September, theOcean Valiant rig was awarded a well-based contract from Maersk in the U.K.; the well-based contractmay prove riskier than the typical dayrate contract since the job may take more time than originally expected.See all stocks on the move »Now read:Diamond Offshore: Q4 Report Brings New Contracts » [Read more]

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