Diamond Offshore Drilling Q4 Adj. EPS $(1.42) Down From $(0.52) YoY, Sales $297.64M Beat $291.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diamond Offshore Drilling (NYSE:DO) reported a Q4 adjusted loss of $(1.42) per share, a significant decrease from $(0.52) per share YoY. However, their quarterly sales of $297.64M exceeded the $291.00M estimate, marking a 33.31% increase from the previous year.
February 28, 2024 | 6:34 am
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Diamond Offshore Drilling reported a larger Q4 loss of $(1.42) per share compared to $(0.52) YoY, but sales rose to $297.64M, beating estimates.
The increased loss per share indicates financial challenges, potentially negative for the stock. However, the sales beat and significant year-over-year growth could offset concerns, suggesting a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100