Rowan Cos. (RDC) Tops Q2 EPS by 12c

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Go back to Rowan Cos. (RDC) Tops Q2 EPS by 12c

Rowan Reports Second Quarter 2015 Results

August 5, 2015 7:30 AM EDT

HOUSTON, Aug. 5, 2015 /PRNewswire/ -- For the three months ended June 30, 2015, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported net income of $84.7 million, or $0.68 per share, compared to $32.8 million, or $0.26 per share in the second quarter of 2014.  Net income for the prior-year quarter included a non-cash asset impairment charge which reduced net income by $8.3 million, or $0.07 per share.  Excluding the impact of this item, net income for the second quarter of 2014 was $41.1 million or $0.33 per share. 

Rowan's revenues were $508.7 million in the second quarter of 2015, an increase of 20% over... More