Transocean (RIG) Tops Q3 EPS by 23c, Revs Beat
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Transocean Ltd. Reports Third Quarter 2017 Results
November 1, 2017 4:16 PM EDTRevenues were $808 million, compared with $751 million in the second quarter of 2017;Revenue efficiency(1) was 97.1 percent, compared with 97.4 percent in the prior quarter;Operating and maintenance expense was $323 million, compared with $333 million in the previous quarter;Net loss attributable to controlling interest was $1.417 billion, $3.62 per diluted share, compared with net loss attributable to controlling interest of $1.690 billion, $4.32 per diluted share, in the second quarter of 2017;Adjusted net income was $64 million, excluding $1.481 billion of net unfavorable items primarily related to the previously announced retirement of six floaters. This compares with adjusted net income of $1 million in the... More
