Transocean: Q1 Earnings Snapshot

STEINHAUSEN, Switzerland (AP) — STEINHAUSEN, Switzerland (AP) — Transocean Ltd. (RIG) on Monday reported a loss of $465 million in its first quarter.

On a per-share basis, the Steinhausen, Switzerland-based company said it had a loss of 64 cents. Losses, adjusted for one-time gains and costs, were 38 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The offshore oil and gas drilling contractor posted revenue of $649 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $641.8 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RIG at

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