Market Overview

Recap: Transocean Q4 Earnings

Share:

Shares of Transocean (NYSE:RIG) fell in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 20.93% over the past year to ($0.34), which missed the estimate of ($0.19).

Revenue of $690,000,000 declined by 12.88% year over year, which missed the estimate of $699,080,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $4.46

Company's 52-week low was at $0.65

Price action over last quarter: Up 297.56%

Company Description

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.

 

Related Articles (RIG)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings