Seadrill Q4 EPS $0.95 Beats $0.66 Estimate, Sales $408.00M Beat $383.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seadrill (NYSE:SDRL) reported Q4 earnings of $0.95 per share, surpassing the $0.66 estimate, marking a 306.52% increase from last year. Sales reached $408M, beating the $383.16M estimate, a 78.95% increase from the previous year.
February 28, 2024 | 10:17 pm
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Seadrill reported a significant beat on both earnings per share and sales for Q4, with EPS at $0.95 against a $0.66 estimate and sales of $408M against a $383.16M estimate.
The significant beat on both earnings per share and sales estimates for Seadrill in Q4 indicates strong financial performance and operational efficiency. This outperformance, especially the substantial year-over-year growth, is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100