Paragon Offshore (PGN) Tops Q2 EPS by 36c
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Paragon Offshore Reports Second Quarter 2015 Results
August 12, 2015 4:11 PM EDTHOUSTON, Aug. 12, 2015 /PRNewswire/ -- Paragon Offshore plc ("Paragon") (NYSE: PGN) today reported second quarter 2015 net income of $47.3 million, or $0.51 per diluted share as compared to second quarter 2014 net income of $95.0 million, or $1.12 per diluted share. Results for the quarter include a $4.1 million, or $0.04 per diluted share, loss on the sale of an asset and a $1.7 million, or $0.02 per diluted share, non-cash impairment charge related to assets which the company previously announced it had decided to retire from service. Excluding the above charges, Paragon's adjusted net income (see Reconciliation of GAAP to... More
