February 6, 2014 / 11:11 AM / 3 years ago

Diamond Offshore profit falls 40 pct

1 Min Read

Feb 6 (Reuters) - Diamond Offshore Drilling Inc's quarterly profit fell 40 percent after it set aside funds for an uncertain tax position related to its Egyptian operations.

Net income fell to $93 million, or 67 cents per share, in the fourth quarter ended Dec. 31, from $156 million, or $1.12 per share, a year earlier.

Revenue fell 3 percent to $726 million.

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