Rowan Cos. (RDC) Misses Q2 EPS by 6c

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Go back to Rowan Cos. (RDC) Misses Q2 EPS by 6c

Rowan Reports Second Quarter 2016 Results

August 2, 2016 7:02 AM EDT

HOUSTON, Aug. 2, 2016 /PRNewswire/ -- For the three months ended June 30, 2016, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported net income of $216.7 million, or $1.72 per diluted share, compared to $84.7 million, or $0.68 per diluted share, in the second quarter of 2015. Net income for the current quarter included a $120.0 million, or $0.95 per share, after-tax increase to net income for the Rowan Relentless contract termination and related items. The $120.0 million reflects the amount in excess of the Rowan Relentless drillship's day rate for the three months ended June 30, 2016. Additionally, net income... More