Shares of Transocean (NYSE:RIG) fell 2.4% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 36.67% over the past year to ($0.16), which beat the estimate of ($0.18).
Revenue of $643,000,000 decreased by 15.28% from the same period last year, which missed the estimate of $645,710,000.
Price Action
52-week high: $4.81
Company's 52-week low was at $0.65
Price action over last quarter: Up 3.35%
Company Overview
Transocean Ltd commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean's customers tend to be national oil companies, independents, and international oil companies.
