RDC - Ensco: Discussion Of Q3 Results
We have already discussed recent Ensco (ESV) fleet status report, and now, it's time for the company's earnings report and conference call. Without further ado, let's look at the latest developments.
The company reported revenues of $431 million and GAAP loss of $145 million, or a loss of $0.33 per share. Both numbers were better than analysts' expectations but, as I have stated a number of times before, the market will start paying more attention to actual drillers' finances.
Year-over-year comparison with Q3 2017 is very interesting: revenue dropped from $460