Diamond Offshore Drilling, Inc. (NYSE:DO) reported fourth quarter EPS of $2.11 on revenue of $903.2 million. Analysts had been expecting EPS of $2.34 on revenue of $912.42 million. For the full year, Diamond earned EPS of $9.43 on revenue of $3.5 billion, missing estimates of EPS of $9.71 and revenue of $3.55 billion.
Dayrates and utilization are either essentially flat or up from a year ago and up sequentially. The company gave no 2009 guidance. Diamond opened lower this morning and is down about 3%. It’s also dragging Transocean Ltd (NYSE:RIG) down with it. Transocean is off about 1.5% on no news.
Paul Ausick
February 5, 2009
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.