Transocean Ltd. (RIG) reported that its first-quarter net income attributable to controlling interest was $321 million or $0.88 per share from $10 million or $0.03 per share in the previous year quarter.
The company stated that the recent quarter results primarily reflected the absence of a $136 million loss from discontinued operations and helped by a fall in interest expenses to $157 million from $180 million in the year-ago quarter.
Adjusted earnings from continuing operations for the quarter were $337 million or $0.93 per share.
Total revenues for the quarter were $2.19 billion, up from $2.11 billion in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to earn $1.00 per share on revenues of $2.36 billion for the quarter. Analysts' estimates typically exclude special items.
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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.