Trade with Eva : Analytics in action: =Diamond Offshore (DO) reported earnings on Mon 6 Feb 2017 (b/o)

Monday, February 6, 2017

Diamond Offshore beats by $0.42, beats on revs :

Reports Q4 (Dec) earnings of $0.53 per share (includes a $0.26 per diluted share benefit attributable to a contract dispute settlement with a client in the North Sea), $0.42 better than the Capital IQ Consensus of $0.11; revenues fell 29.5% year/year to $391.87 mln vs the $354.78 mln Capital IQ Consensus.
As of December 31, 2016, the Company's total contracted backlog was $3.6 billion, which represents 25 rig years of work. Approximately 94% of the Company's available ultra-deepwater rig days for 2017 are contracted with top tier customers.
During the quarter, the Company executed a new contract for the Ocean Monarch with BHP Billiton (BHP) in Australia, which is scheduled to commence at the end of the second quarter of 2017. The new contract runs through late third quarter of 2017.