Rowan Cos. (RDC) Misses Q1 EPS by 12c

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Go back to Rowan Cos. (RDC) Misses Q1 EPS by 12c

Rowan Reports First Quarter 2018 Results

May 1, 2018 6:45 AM EDT

HOUSTON, May 1, 2018 /PRNewswire/ -- For the quarter ended March 31, 2018, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported a net loss of $112.3 million, or $0.89 net loss per diluted share, compared to net income of $10.3 million, or $0.07 net income per diluted share, in the first quarter of 2017.

Tom Burke, President and Chief Executive Officer, commented, "Recent jack-up awards for the ARO Drilling fleet in the Middle East and Rowan rigs in the North Sea demonstrate improvements within key shallow water markets. The clear long-term benefit of Rowan's partnership in... More