Ocean Rig UDW Inc. (ORIG) Wednesday reported first-quarter profit of $6.4 million or $0.05 per share, compared to a loss of $46.3 million or $0.35 per share in the year-earlier quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report a loss of $0.20 per share for the quarter. Analysts' estimates typically exclude speical items.
Revenues from drilling contracts increased to $246.4 million from $163.0 million last year. Analysts expected revenues of $223.23 million.
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