Diamond Offshore Drilling Reports $1.74 EPS (DO)

Houston, Texas-based Diamond Offshore Drilling, Inc. DO on Thursday morning released financial results. Diamond Offshore Drilling, Inc reported that its 4th quarter net income fell to $241.7 million, or $1.74 per share, down from $276.1 million, or $1.98 per share, a year earlier. Diamond Offshore Drilling, Inc reported revenue of $840.97 million, down from $890.78 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.47 per share, on revenue of $844.21 million. Diamond Offshore Drilling, Inc. (DO) ended the previous trading session at $72.35 per share. Analysts covering the company's stock have a consensus price target of $70.19 per share. Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry and is a leader in deepwater drilling. Read more from Benzinga's Company news.