Diamond Offshore Drilling (DO) Tops Q4 EPS by 14c

Diamond Offshore Drilling (NYSE: DO) reported Q4 EPS of $0.27, ex-items, $0.14 better than the analyst estimate of $0.13. Revenue for the quarter came in at $391.87 million versus the consensus estimate of $358.09 million.

"Considering current market headwinds, I am pleased with our fourth quarter results, driven in part by continuing cost controls and improving rig efficiencies," said Marc Edwards, President and Chief Executive Officer. "Despite an extremely challenging market environment, the Ocean GreatWhite, Ocean Scepter and the Ocean BlackRhino will all commence term contracts in the first quarter, contributing to our strong backlog and liquidity positions."

For earnings history and earnings-related data on Diamond Offshore Drilling (DO) click here.

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