Simmons Raises Price Target as Diamond Offshore Drilling (DO) Exceeds 1Q Expectations
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Diamond Offshore Names Kelly Youngblood as Senior Vice President and CFO
May 2, 2016 6:05 AM EDTHOUSTON, May 2, 2016 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to be effective May 3, 2016. Mr. Youngblood succeeds Gary T. Krenek, who is retiring after 33 years of service to the Company and its predecessors.
Prior to joining the Company, Mr. Youngblood held a variety of managerial... More
Loews Corporation Reports Net Income Of $102 Million For The First Quarter Of 2016
May 2, 2016 6:00 AM EDTNEW YORK, May 2, 2016 /PRNewswire/ --Â Loews Corporation (NYSE: L) today reported net income for the three months ended March 31, 2016 of $102 million, or $0.30 per share, compared to $109 million, or $0.29 per share, in the prior year period.
Net income declined by $7 million as compared to the prior year due to lower earnings at CNA Financial Corporation and reduced results from the parent company investment portfolio, partially offset by higher earnings at Diamond Offshore Drilling, Inc. because of the absence this quarter of an asset impairment charge. Higher earnings at Boardwalk... More
Diamond Offshore Announces First Quarter 2016 Results
May 2, 2016 6:00 AM EDTHOUSTON, May 2, 2016 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported net income of $87 million, or $0.64 per share, in the first quarter of 2016 compared to a loss of $256 million, or a loss of $1.86 per share, in the first quarter of 2015. Revenues in the first quarter of 2016 were $471 million, compared to revenues of $620 million in the first quarter of 2015.
"I am pleased with our solid first quarter results, which demonstrate Diamond Offshore's ongoing efforts to manage costs while remaining focused on safe operations and fleet reliability," said Marc Edwards, President and Chief... More
