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Shares of Transocean (NYSE:RIG) rose 1.47% in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share increased 100.00% year over year to ($0.00), which beat the estimate of ($0.27).
Revenue of $930,000,000 rose by 22.69% year over year, which beat the estimate of $773,880,000.
Looking Ahead
Transocean hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $7.28
Company's 52-week low was at $0.76
Price action over last quarter: Up 71.09%
Company Profile
Transocean commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean's customers tend to be national oil companies, independents, and international oil companies.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.