Diamond Offshore Drilling (DO) Misses Q2 EPS by 12c, Miss on Revenues

Diamond Offshore Drilling (NYSE: DO) reported Q2 EPS of ($0.50), $0.12 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $268.9 million versus the consensus estimate of $279.63 million.

Diamond Offshore's results declined due to lower revenue given the continuing depressed market conditions, which impacted both rig utilization and average daily revenue. Asset impairment charges of $12 million and $23 million (after tax and noncontrolling interests) were recognized in the three months ended June 30, 2018 and 2017.

For earnings history and earnings-related data on Diamond Offshore Drilling (DO) click here.

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