Diamond Offshore Drilling: 4Q Earnings Snapshot

Associated Press |

HOUSTON (AP) _ Diamond Offshore Drilling Inc. (DO) on Monday reported a loss of $79.2 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 58 cents. Losses, adjusted for pretax expenses and restructuring costs, came to 42 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The offshore oil and gas drilling contractor posted revenue of $232.5 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $246.9 million.

Diamond Offshore Drilling shares have risen nearly 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 8 percent. The stock has declined 33 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DO at https://www.zacks.com/ap/DO

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments


Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

World Economic Forum at Davos 2019 - Ben Yablon Executive VP Salt Lending

Matt Bird sits down with Ben Yablon - Executive VP of Salt Lending - at the World Economic Forum in Davos January 2019

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.