Key Energy Stocks Flashing on Trading Screens Post Earnings
Transocean Ltd. (NYSE:RIG) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 69.09% to $0.93 in the quarter versus EPS of $0.55 in the year-earlier quarter. Revenue Decreased 5.75% to $2.2 billion from the year-earlier quarter.
Transocean Ltd. reported adjusted EPS income of $0.93 per share. By that measure, the company missed the mean analyst estimate of $1. It missed the average revenue estimate of $2.36 billion.