Transocean Falls Slightly After Losses Higher Than Expected [TheStreet.com]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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Source: TheStreet.com
Transocean Falls Slightly After Losses Higher Than Expected Transocean Ltd. ( RIG The offshore drilling contractor dropped as low as 3.8% to $8.58 a share in trading Tuesday after losses from the quarter were greater than Wall Street estimates. The company's losses per share came in at 34 cents while expectations were 24 cents. The company reported a loss of $369 million in net income during the quarter, which is down from the $30 million profit Transocean posted in the third quarter of the year. Company executives blamed part of the revenue loss on poor weather that stopped drilling off the coast of Canada for a few months. Lower utilization rates of its rigs from the previous quarter also attributed to the lower revenue. Revenue for the company increased by 19% to $748 million from $629 million a year ago while revenue efficiency from its drilling fleet came in at 96%, which is up from 92% during the same time last year. Utilization of Transocean's deepwater rigs fell to 67% from 10
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RIG
News
- Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know [Yahoo! Finance]Yahoo! Finance
- Transocean adds contract extensions worth $248M, fleet status report says [Seeking Alpha]Seeking Alpha
- Transocean Ltd. Announces Results of Tender Offers [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. Announces Results of Tender OffersGlobeNewswire
- Transocean Ltd. Provides Quarterly Fleet Status ReportGlobeNewswire
RIG
Earnings
- 2/19/24 - Beat
RIG
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/11/24 - Form 8-K
- RIG's page on the SEC website