UPDATE: Seadrill Reports Q1 Operting Profit of $430 million, Lifts Dividend

Seadrill Limited SDRL reported its first-quarter results and lifted its quarterly dividend. Seadrill posted its quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) at $430 million, up from $332 million, in the year-ago quarter. However, analysts expected earnings of $432 million. The Board of Seadrill increased the long-term quarterly dividend to $0.70 per share. Seadrill shares fell 1.74% to $35.00 in pre-market trading. Read more from Benzinga's Company news.