RIG - Why Transocean Stock Is Sinking Tuesday | Benzinga
Transocean Ltd (NYSE:RIG) shares are trading lower Tuesday in the wake of the company’s first-quarter financial results. Here’s a rundown of the report.
What To Know: Transocean reported first-quarter revenue of $763 million, which missed the consensus estimate of $787.043 million, according to Benzinga Pro. The company reported an adjusted earnings loss of 3 cents per share, which beat estimates for a loss of 14 cents per share.
“Over the first months of 2024, Transocean has achieved ...