STEINHAUSEN, Switzerland (AP) — STEINHAUSEN, Switzerland (AP) — Transocean Ltd. (RIG) on Thursday reported fourth-quarter profit of $25 million.
On a per-share basis, the Steinhausen, Switzerland-based company said it had net income of 2 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The offshore oil and gas drilling contractor posted revenue of $1.04 billion in the period, which met Street forecasts.
For the year, the company reported a loss of $2.92 billion, or $3.04 per share. Revenue was reported as $3.97 billion.
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