Rowan Cos. (RDC) Tops Q3 EPS by 2c

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Go back to Rowan Cos. (RDC) Tops Q3 EPS by 2c

Rowan Reports Third Quarter 2018 Results

October 31, 2018 7:00 AM EDT

HOUSTON, Oct. 31, 2018 /PRNewswire/ -- For the quarter ended September 30, 2018, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported a net loss of $144.1 million, or $1.13 net loss per diluted share, compared to a net loss of $20.9 million, or $0.17 net loss per diluted share, in the third quarter of 2017.

Tom Burke, President and Chief Executive Officer, commented, "Our third quarter results reflect the current soft market conditions in the offshore drilling industry. However, we are seeing signs of improvement, with oil prices providing a supportive backdrop as customers plan their 2019 capital budgets.... More