logo
Plus   Neg
Share
Email

Diamond Offshore Q4 Results Miss Estimates - Quick Facts

Diamond Offshore Drilling, Inc. (DO), 53 percent owned by Loews Corp. (L), reported Monday that loss for the fourth quarter widened to $79.21 million or $0.58 per share from $51.11 million or $0.35 per share in the prior-year quarter. Adjusted loss for the quarter was $0.42 per share, compared to last year's loss of $0.26 per share.

Total revenues for the quarter also declined to $232.52 million from $286.32 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.40 per share on revenues of $252.27 million. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...