Transocean Q2 Adj EPS $(0.15) Misses $(0.12) Estimate, Sales $729.00M Beat $724.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Transocean (NYSE:RIG) reported Q2 losses of $(0.22) per share, missing the analyst consensus estimate of $(0.12) by 83.33%. This is a 120% decrease from the same period last year. However, the company reported quarterly sales of $729.00 million, beating the analyst consensus estimate of $724.38 million by 0.64%, a 5.35% increase from last year.
July 31, 2023 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Transocean's Q2 earnings per share missed estimates by 83.33%, but sales beat estimates by 0.64%.
Transocean's Q2 earnings per share missed estimates significantly, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100