Market Overview

UPDATE: Diamond Offshore Posts Upbeat Q4 Earnings

Related DO
Benzinga's Top Upgrades
Diamond Offshore Upgraded At Iberia, Bad News Seen As 'Priced In'
Offshore Drillers: Results Of The Earnings Season (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)

View Comments and Join the Discussion!

Get Benzinga's Newsletters