Transocean: Q4 Earnings Insights

Transocean RIG reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Transocean missed estimated earnings by 58.33%, reporting an EPS of $-0.19 versus an estimate of $-0.12.

Revenue was up $69.00 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 1.86% drop in the share price the next day.

Here's a look at Transocean's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	-0.16	-0.16	-0.18	-0.19
EPS Actual	-0.19	-0.18	-0.19	-0.34
Revenue Estimate	658.57M	675.89M	645.71M	699.08M
Revenue Actual	626.00M	656.00M	643.00M	690.00M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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