Rowan Cos. (RDC) Tops Q4 EPS by 14c

Rowan Cos. (NYSE: RDC) reported Q4 EPS of $0.08, ex-items, $0.14 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $351.8 million versus the consensus estimate of $344.55 million.

Tom Burke, President and Chief Executive Officer, commented, "In the past year, we displayed outstanding operational and safety performance, exercised financial discipline, improved our liquidity and strengthened our balance sheet, and announced a groundbreaking partnership with Saudi Aramco. While we are cognizant that 2017 still presents many challenges, we are hopeful that the commodity price improvement and increase in potential drilling activity will guide our industry toward recovery. Through our continued focus on safe, reliable and efficient operations, we will seek to take advantage of any market recovery."

For earnings history and earnings-related data on Rowan Cos. (RDC) click here.

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