Rowan Cos. (RDC) Tops Q3 EPS by 37c

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Go back to Rowan Cos. (RDC) Tops Q3 EPS by 37c

Rowan Reports Third Quarter 2015 Results

November 3, 2015 6:30 AM EST

HOUSTON, Nov. 3, 2015 /PRNewswire/ -- For the three months ended September 30, 2015, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported a net loss of $239.4 million, or $1.92 per share.  The current quarter includes a noncash asset impairment charge of $273.8 million (after tax), or $2.19 per share, a $75.3 million income tax charge, or $0.60 per share, related to a valuation allowance on the Company's  net U.S. deferred tax assets, and a $1.7 million legal settlement charge (after tax), or $0.01 per share.  Excluding the impact of these items, net income as adjusted was $111.4 million or... More