Replies to post #2333 on Transocean Ltd. (RIG)

[eastunder]

Transocean beats Street 2Q forecasts


http://finance.yahoo.com/news/transocean-beats-street-2q-forecasts-204331432.html



VERNIER, Switzerland (AP) _ Transocean Ltd. (RIG) on Wednesday reported second-quarter profit of $77 million.

On a per-share basis, the Vernier, Switzerland-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The offshore oil and gas drilling contractor posted revenue of $943 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $914.4 million.