ESV - Rowan Companies: Takeaways From Q4 2018 Earnings Results
On Wednesday, February 27, 2019, offshore drilling contractor Rowan Companies (RDC) announced its fourth quarter 2018 earnings results. At first glance, these results appeared to be mixed as the company beat the expectations of its analysts on top-line revenues but failed the meet the bottom-line consensus. A closer look at the results shows that all is far from perfect as the company is clearly being affected by the challenging conditions that continue to plague the offshore drilling industry. However, it is certainly weathering them much better than most of the other contractors in