Reuters logo
Transocean posts surprise revenue rise; shares up
November 6, 2013 / 10:11 PM / 4 years ago

Transocean posts surprise revenue rise; shares up

Nov 6 (Reuters) - Transocean Ltd, owner of the world’s largest offshore drilling fleet, reported on Wednesday a larger-than-expected increase in revenue as it kept its fleet working more in the third quarter, and its shares rose 2 percent.

Third-quarter net income was $546 million, or $1.50 per share, compared with a loss of $381 million, or $1.06 per share, a year ago, when it took an $878 million charge for its exit from the lower end of the shallow-water jackup rig market.

Revenue rose 5 percent to $2.56 billion; analysts had expected $2.49 billion, based on the average of estimates on Thomson Reuters I/B/E/S.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below