Rowan Cos. (RDC) Tops Q4 EPS by 14c

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Go back to Rowan Cos. (RDC) Tops Q4 EPS by 14c

Rowan Reports Fourth Quarter and Full-Year 2016 Results

February 24, 2017 6:45 AM EST

HOUSTON, Feb. 24, 2017 /PRNewswire/ -- For the quarter ended December 31, 2016, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported a net loss of $24.4 million, or $0.19 per diluted share, compared to net income of $124.4 million, or $0.99 per diluted share, in the fourth quarter of 2015. The net loss for the current quarter included a $33.6 million (after tax), or $0.27 per share, loss on extinguishment of $463.9 million of debt. The net income for the prior-year quarter included a gain on the sale of the Rowan Louisiana of $6.3 million (after tax), or $0.05 per share,... More