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.» Read More
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.
As Washington politicians bicker about raising the debt ceiling and making a meaningful attempt to curb the country's deficit, the economy is suffering, Loews CEO James Tisch told CNBC.
What stocks might the father of value investing, Benjamin Graham, like today? TheStreet.com reports.
HOUSTON-- Diamond Offshore Drilling Inc. said Thursday its third-quarter profit tumbled 30 percent from a year ago, as rig revenue and drilling activity declined. The Houston- based contract driller said its net income for the three months ended Sept. 30 fell to $178.2 million, or $1.28 per share, from with $256.9 million, or $1.85 per share, a year earlier.
*FBR cuts Diamond Offshore Drilling Inc to market perform from. *FBR cuts Rowan Companies PLC to market perform from outperform; price. *FBR raises Hercules Offshore Inc price target to $5.25 from $4.40;.
*Global hunter raises Baker Hughes Inc price target to $49 from $42. *Global hunter raises Ensco PLC price target to $69 from $67. *Global hunter cuts Flotek Industries Inc price target to $16 from $18.
*JP Morgan cuts Rowan Companies PLC to underweight from neutral. *JP Morgan raises Rowan Companies PLC price target to $39 from $38. *JP Morgan cuts Schlumberger price target to $83 from $84; rating overweight.
Oct 1- Diamond Offshore Drilling Inc:. *On September 28, entered into a 5- year revolving credit agreement. *Agreement provides for a $750 million senior unsecured revolving credit.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
It's the basic question when investing in a stock: is it on the way up or will it go down? Wall Street has developed numerous ways of attempting to predict what will happen.
As crude oil prices declined Tuesday, the “Fast Money” traders staked their positions within different sectors of the industry.
To get an idea of the companies that are holding the most cash, the CNBC analytics team looked at cash and short term investments held by S&P 500 companies. Here's the list.
A key trait successful investors share is a list of characteristics they want in a stock. The criteria will vary, depending on the style of investing, but there specific traits a stock must have to qualify as a potential investment.
U.S. markets face some important economic data and a slew of corporate earnings reports, but European news will once more likely drive the direction Thursday.
Even before last week's stock-market sell-off—the biggest losing streak in three years—large-cap stocks were getting thumped, despite analysts' and money managers' claims they're among the best bets. But the record tells a different story.
European leaders could temporarily steal the spotlight from Washington lawmakers Thursday, as they meet in Brussels to discuss the Greek debt crisis and how to keep contagion from spreading.
Find out why the analyst who was once one of the biggest Google bulls is now cautious about the search engine.
Diamond Offshore Drilling is seeing lots of demand for its oil rigs from China, India and other industrialized nations — just not the United States, Chief Executive Larry Dickerson told CNBC Thursday.
Stocks closed modestly higher as oil and precious metals staged a strong comeback, sending prices in the energy and materials sectors higher.
Stocks held firm gains in the final hour of trading on Monday as a rebound in oil and precious metals pushed energy and materials sectors higher.