Transocean Ltd. Reports Third Quarter 2018 Results

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Transocean (RIG) Tops Q3 EPS by 16c, Revenues Beat

October 29, 2018 4:23 PM EDT

Transocean (NYSE: RIG) reported Q3 EPS of $0.06, $0.16 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $816 million versus the consensus estimate of $777.82 million.

Total contract drilling revenues were $816 million, compared with $790 million in the second quarter of 2018;Revenue efficiency(1) was... More