Investing.com - Transocean reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Transocean announced earnings per share of $-0.060 on revenue of $730M. Analysts polled by Investing.com anticipated EPS of $-0.174 on revenue of $667.9M.
Transocean shares are up 18% from the beginning of the year , still down 25.36% from its 52 week high of $5.56 set on Tuesday, March 8, 2022.
Transocean follows other major Energy sector earnings this month
Transocean's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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