Benzinga | Nov 2, 2020 04:53PM EST

Transocean: Q3 Earnings Insights

Shares of Transocean (NYSE:RIG) rose 2.79% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 71.05% over the past year to ($0.11), which beat the estimate of ($0.13).

Revenue of $773,000,000 declined by 1.40% from the same period last year, which beat the estimate of $768,280,000.

Guidance

Transocean hasn't issued any earnings guidance for the time being.

Transocean hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $7.28

52-week low: $0.65

Price action over last quarter: down 65.27%

Company Profile

Transocean 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.