Transocean (NYSE: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.
Earnings
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.
Past Earnings Performance
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.
