Transocean (RIG) Reports Q2 Loss, Misses Revenue Estimates

Transocean (RIG) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.03%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of $0.29 per share when it actually produced a loss of $0.30, delivering a surprise of -3.45%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

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