Diamond Offshore Drilling Inc
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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*4th- qtr earnings $1.12 per share vs $1.36 year earlier. The company, controlled by hotels, energy and financial services conglomerate Loews Corp, which reported stronger-than-expected quarterly profit, also said it had won a three-year $439 million contract from Royal Dutch Shell Plc for work in the North Sea.
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*4th- qtr earnings $1.12 per share vs $1.36 year earlier. Feb 5- Diamond Offshore Drilling Inc, the world's fourth-biggest offshore driller by market value, reported a stronger-than-expected quarterly profit as contract drilling expenses fell.
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Feb 5- Diamond Offshore Drilling Inc, one of the world's top-five offshore rig contractors, reported a 17 percent decline in quarterly profit as the rates it earned for its older deepwater rigs declined. Diamond, majority-owned by Loews Corp, said fourth-quarter net income fell to $156 million, or $1.12 per share, from $188 million, or $1.36 per share, a year earlier.
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