Diamond Offshore’s 4Q Loss Narrows. Revenue Up

Offshore Drilling company Diamond Offshore posted a net loss of $74 million for the fourth quarter of 2019.

The result is an improvement compared to a loss of $79 million in the fourth quarter of 2018, and also compared to the third quarter 2019 loss of $95 million.

Diamond Offshore’s revenue grew to $276 million during the quarter, up from $232 million in the previous year’s fourth quarter.

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