Form 8-K Cobalt International For: Nov 01

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Go back to Form 8-K Cobalt International For: Nov 01

Cobalt International Energy (CIE) Posts Q3 Loss of 52c/Share

November 1, 2016 7:23 AM EDT

Cobalt International Energy (NYSE: CIE) reported Q3 EPS of ($0.52), which may not compare with the analyst estimate of ($0.15). Revenue for the quarter came in at $4.23 million versus the consensus estimate of $6.31 million.

The increase in loss is mainly attributable to the Rowan contract amendment of $95.9 million and the additional write off associated with... More