UPDATE: SeaDrill Posts Surge In Q2 Profit
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.