Investing.com - Transocean (NYSE:RIG) 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 March 8.
Transocean follows other major Energy sector earnings this month
Transocean's report follows an earnings beat by Exxon Mobil on October 28, 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 October 28 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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