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UPDATE: SeaDrill Posts Surge In Q2 Profit

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SeaDrill (SDRL) Falls: Stock Goes Down 6%
UPDATE: Morgan Stanley Reiterates On Seadrill Ltd On Dividend Uncertainty

SeaDrill (NYSE: SDRL) reported a surge in its second-quarter net profit.

SeaDrill 's quarterly net profit jumped to $1.73 billion, or $3.68 per share.

Its revenue climbed to $1.27 billion, from $1.12 billion, in the year-ago period. However, analysts were expecting a profit of $1.15 billion.

SeaDrill shares gained 4.94% to $45.89 in pre-market trading.

Posted-In: profitEarnings News

 

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