Transocean (RIG) Tops Q4 EPS Expectations; Rig Utilization Dipped 10 Points
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Transocean Ltd. Reports Fourth Quarter And Full Year 2015 Results
February 24, 2016 4:47 PM ESTRevenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior period; Adjusted net income was $615 million, $1.68 per diluted share, excluding $4 million of net unfavorable items. This compares with $316 million, $0.87 per diluted share, in the third quarter of 2015, excluding $5 million of net favorable items; Net income attributable to controlling interests was $611 million, $1.66 per diluted share, compared with $321 million, $0.88 per diluted share, in the prior quarter; The Annual Effective Tax... More
