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Diamond Offshore Drilling (NYSE: DO) reported upbeat fourth-quarter earnings.

Diamond Offshore's quarterly net income dropped to $93 million, or $0.67 per share, versus $156 million, or $1.12 per share, in the year-ago period. Excluding special items, it earned $0.96 per share, beating analysts' expectations of $0.81 per share.

Its revenue declined 3% to $726 million.

Diamond Offshore shares closed at $46.51 yesterday.

Posted-In: profitEarnings News


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