Transocean Profit Falls Shares Slide After Hours (RIG)

Transocean Ltd. RIG reported Q3 EPS 1.15 vs. consensus of 1.36. RIG shares closed up 57c amid average volume on the day to settle at 63.96. As you know the embattled company has been at the center of the BP BP gulf oil crisis. Their Q3 revenue came in 2.31Billion vs. 2.47Billion. After hours RIG shares are down about 25c to 62.72. The company stated their profit was lower because of increased expenses related to the Macondo well incident. The expenses were $27 million. Day's Range: 62.76 - 64.03 52wk Range: 41.88 - 94.88
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Posted In: EarningsEnergyIntegrated Oil & GasOil & Gas DrillingTransocean Ltd.
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