Transocean (RIG) Reports Q1 Loss, Misses Revenue Estimates

Transocean (RIG) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of$ 0.13. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 76.92%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of$ 0.22 per share when it actually produced a loss of $0.09, delivering a surprise of 59.09%.Over the last four quarter ...