SeaDrill Limited (SDRL), a provider of offshore drilling services, Thursday reported fourth-quarter net income to common shares of $17 million or $0.04 per share, compared with net loss of $127 million or $0.27 per share last year.
Revenues for the quarter were $1.215 billion, compared with $1.06 billion a year ago.
Net financial items for the quarter showed a loss of $335 million, mainly related to recording an impairment charge of $221 million on its investment in Archer.
Analysts polled by Thomson Reuters estimated earnings of $0.58 per share on revenues of $1.11 billion for the quarter. Analysts' estimates typically exclude special items.
Operating expenses for the quarter totaled $774 million, compared with $622 million a year ago.
As of February 25, 2013, SeaDrill had orderbacklog of $21 billion.
The company expects to pay a regular dividend of at least $0.85 per share for the first quarter 2013. The confirmation for the dividend will be given in May, with anticipated distribution in June 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.