Oct 23 (Reuters) - Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs.
Oct 23 (Reuters) - Diamond Offshore Drilling Inc reported a lower third-quarter profit, hurt by a non-cash impairment charge of $109 million before tax as a result of retiring and scrapping six semisubmersible rigs.
Jefferies sees little hope in the near term for offshore drillers such as Transocean (NYSE: RIG ), Diamond Offshore Drilling (NYSE: DO ) and Noble (NYSE: NE ), as continued negative trends show an industry " continuing to die by
7.18): 7.0% – Retailing Navios Maritime Holdings (NM – $3.88): 6.2% -Transportation Diamond Offshore Drilling (DO – $67.19): 5.2% – Energy Exelon Corp (EXC – $39.27): 5.3% – Utilities World Wrestling
periods' loss estimates) at CNA Financial CNA. These declines were partially offset by higher earnings at Diamond Offshore Drilling DO, primarily due to an increase in utilization of high-specification floaters. For investors interested
Morningstar is downgrading its issuer credit rating on Diamond Offshore Drilling DO by two notches, to BBB+ from A. This reflects our assessment that Diamond's Business Risk has increased as a result of
results from the company’s trading portfolio were offset by net investment losses and lower earnings at Diamond Offshore Drilling due to lower utilization and drilling suspension in the Gulf of Mexico. Loews Corporation reported fourth
hurt by lower net investment income from reduced limited partnership income at CNA and lowering earnings at Diamond Offshore Drilling DO. Book value per share--an important metric for holding companies such as Loews--increased 4% in the
Diamond Offshore Drilling 's DO second-quarter results were affected by weak jackup and mid-water markets. Revenue declined 13% to $822 million from
Diamond Offshore Drilling 's DO first - quarter results were unremarkable , except that the firm reduced its special dividend to $ 1 . 375 per share from