Market Overview

UPDATE: Diamond Offshore Posts Upbeat Q4 Earnings

Related DO
Benzinga's Top Downgrades
FBR Capital Downgrades Diamond Offshore Drilling To Underperform
Don't buy the head fake in offshore drillers, RBC says (Seeking Alpha)

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


Related Articles (DO)

Around the Web, We're Loving...

Get Benzinga's Newsletters