On Monday, April 29, 2019, offshore drilling contractor Diamond Offshore Drilling, Inc. (DO) announced its first quarter 2019 earnings results. At first glance, these results were quite good as the company managed to beat the expectations of its analysts on both the top- and bottom-lines. The market was certainly not particularly impressed with these results, though, as the stock traded down on the news. This is likely due to the fact that the company clearly continues to struggle in the current industry climate, which is unfortunate given that some of the company's peers