Transocean's (RIG) Q2 Loss Wider Than Expected, Revenues Lag

Transocean Ltd. (RIG) reported second-quarter 2024 adjusted net loss of 15 cents per share, wider than the Zacks Consensus Estimate of a loss of 8 cents. However, the bottom line remained flat year over year.Switzerland-based offshore drilling powerhouse’s total adjusted revenues of $861 million missed the Zacks Consensus Estimate of$866 million. This was due to lower-than-expected revenues from Ultra-deepwater floaters. The metric totaled $606 million, which missed the consensus mark of$617 million. Howe ...