Transocean (RIG) Edges Higher As Investors Weigh Mixed Quarter

Offshore driller Transocean Ltd’s (NYSE:RIG) stock closed higher Friday after the company posted mixed fourth-quarter results and highlighted progress on its pending merger with its rival, Valaris Ltd.. Here’s what investors need to know.Transocean stock is gaining positive traction. Why are RIG shares climbing?Earnings Miss But Revenue Beats ExpectationsTransocean delivered adjusted earnings of two cents per share, missing Wall Street's eight cent consensus, while revenue climbed to $1.04 billion, slightly ...