Transocean Ltd. Reports Third Quarter 2019 Results
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Transocean (RIG) Misses Q3 EPS by 1c, Revenues Beat
October 28, 2019 4:27 PM EDTTransocean (NYSE: RIG) reported Q3 EPS of ($0.38), $0.01 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $784 million versus the consensus estimate of $776.43 million.
Total contract drilling revenues were $784 million (total adjusted contract drilling revenues of $832 million), compared with $758 million in the second quarter of 2019 (total adjusted contract drilling revenues of $805 million);Revenue efficiency(1) was 97.0%, compared with 97.8% in the prior quarter;Operating... More