Rowan Cos. (RDC) Misses Q4 EPS by 2c, Revenues Beat

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Go back to Rowan Cos. (RDC) Misses Q4 EPS by 2c, Revenues Beat

Rowan Reports Fourth Quarter and Full-Year 2018 Results

February 27, 2019 7:00 AM EST

HOUSTON, Feb. 27, 2019 /PRNewswire/ -- For the quarter ended December 31, 2018, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported a net loss of $14.3 million, or $0.11 net loss per diluted share, compared to net income of $112.0 million, or $0.89 net income per diluted share, in the fourth quarter of 2017. The net loss for the current quarter included a $65.8 million (after tax), or $0.52 per diluted share, gain on the sale of rigs to ARO Drilling and a $68.4 million tax benefit, or $0.54 per diluted share, related to the release of valuation allowance... More