BRUSSELS (dpa-AFX) - Transocean Inc. (RIG) announced earnings for second quarter that dropped from last year.
The company said its earnings dropped to $64 million, or $0.17 per share. This was lower than $408 million, or $1.11 per share, in last year's second quarter.
The company said revenue for the quarter fell 50.0% to $0.94 billion. This was down from $1.88 billion last year.
Transocean Inc. earnings at a glance:
-Earnings (Q2): $64 Mln. vs. $408 Mln. last year. -Earnings Decline (Y-o-Y): -84.3% -EPS (Q2): $0.17 vs. $1.11 last year. -EPS Decline (Y-o-Y): -84.7% -Revenue (Q2): $0.94 Bln vs. $1.88 Bln last year. -Revenue Change (Y-o-Y): -50.0%
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