Transocean (RIG) Tops Q1 EPS by 40c
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Transocean Ltd. Reports First Quarter 2016 Results
May 4, 2016 4:32 PM EDTRevenues were $1.34 billion, compared to $1.85 billion in the fourth quarter of 2015; Operating and maintenance expense was $665 million, down from $794 million in the prior period; Adjusted net income was $254 million, $0.69 per diluted share, excluding $5 million of net unfavorable items. This compares with $615 million, $1.68 per diluted share, in the fourth quarter of 2015, excluding $4 million of net unfavorable items; Net income attributable to controlling interest was $249 million, $0.68 per diluted share, compared with $611 million, $1.66 per diluted share, in the prior quarter; The Annual Effective Tax... More
