Market Overview

UPDATE: Transocean Posts Wider Q3 Net Loss

Related RIG
Is Transocean Prime For A Bounce?
Weekly Analyst Highlights: Oil, Tesla On Readers' Minds
The Vetr community has upgraded $RIG to 3.5-Stars. (Vetr)

Transocean Ltd (NYSE: RIG) reported a wider Q3 loss.

Transocean posted a quarterly net loss of $381 million, or $1.06 per share, versus a year-ago loss of $32 million, or $0.10 per share.

Its adjusted earnings from continuing operations came in at $1.37 per share, while revenue rose to $2.44 billion from $1.99 billion.

Transocean shares fell 0.11% to close at $46.06 on Friday.

Posted-In: lossEarnings News


Related Articles (RIG)

Around the Web, We're Loving...