Diamond Offshore Drilling, Inc. (DO) reported first-quarter net income of $176 million or $1.27 per share, compared to $185 million or $1.33 per share a year earlier. Revenues decreased to $730 million, from $769 million prior-year. Results for the prior-year quarter included the sale of the jack-up rig Ocean Columbia, which yielded an after-tax gain of approximately $16 million, or $0.12 per share. The company said its first-quarter results reflect ongoing success at containing operating expenses.
On average, 34 analysts polled by Thomson Reuters expected the company to report profit of $1.16 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $713.09 million for the quarter.
Diamond Offshore Drilling also announced that it has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on June 3, 2013 to shareholders of record on May 7, 2013. The Board reiterated its stated policy of considering paying special cash dividends, in amounts to be determined, on a quarterly basis.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.