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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