UPDATE: Transocean Q2 Adj EPS $(0.15) Misses $(0.12) Estimate, Sales $729.00M Beat $724.38M Estimate
Portfolio Pulse from Happy Mohamed
Transocean (NYSE:RIG) reported Q2 adjusted EPS of $(0.15), missing the estimate of $(0.12) by 25%. This is a 50% decrease from the same period last year. However, the company's quarterly sales of $729.00M beat the estimate of $724.38M by 0.64%, a 5.35% increase from last year.
July 31, 2023 | 9:45 pm
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NEUTRAL IMPACT
Transocean's Q2 earnings missed estimates, but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Transocean's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100