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Stock impact report

One-Time Events Cause Atwood Oceanics, Inc. to Report a Messy Quarter [The Motley Fool]

ATWOOD OCEANICS (ATW) 
Last atwood oceanics earnings: 5/8 04:52 pm Check Earnings Report
US:NYSE Investor Relations: enscoplc.com
Company Research Source: The Motley Fool
The offshore driller wrote off the value of another rig, which it subsequently sold for the scrap value. While the oil market has started to show some signs of life, most of those green shoots are onshore at the moment. Because of that, Atwood Oceanics ( NYSE:ATW ) still has several offshore drilling rigs sitting idle while it waits for conditions to improve. While the company does see some positives on the horizon, it reported a messy quarter thanks to a slew of one-time events. Atwood Oceanics results: The raw numbers Metric Fiscal Q2 2017 Fiscal Q2 2016 Year-Over-Year Change Revenue $167.7 million $296.4 million -43.4% Net income ($29.0 million) $122.4 million N/M EPS ($0.37) $1.89 N/M Data source: Atwood Oceanics, Inc. What happened with Atwood Oceanics this quarter?  Atwood Oceanics scrapped another vessel during the quarter: Atwood's revenue sank deepl Show less Read more
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