UPDATE: Transocean Posts Q2 Loss
Transocean Ltd (NYSE: RIG) posted a loss in the second quarter.
Transocean posted a quarterly loss of $304 million, or $0.86 per share, versus a year-ago profit of $124 million, or $0.39 per share.
Its revenue surged 10% to $2.58 billion. However, analysts were expecting a profit of $0.45 per share on revenue of $2.49 billion.
Transocean shares closed at $47.80 yesterday.
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