Rowan Cos. (RDC) Misses Q4 EPS by 1c

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Go back to Rowan Cos. (RDC) Misses Q4 EPS by 1c

Rowan Reports Fourth Quarter and Full-Year 2017 Results

February 28, 2018 6:45 AM EST

HOUSTON, Feb. 28, 2018 /PRNewswire/ -- For the quarter ended December 31, 2017, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported net income of $112.0 million, or $0.89 net income per diluted share, compared to a net loss of $24.4 million, or $0.19 net loss per diluted share, in the fourth quarter of 2016. The net income for the current quarter included a $151.7 million (after tax), or $1.18 per diluted share, gain on the sale of assets to ARO Drilling. The net loss for the prior-year quarter included a $33.6 million (after tax), or $0.27 per diluted share, loss on... More