Transocean: Don't Sweat The Earnings Miss, There Are Clear Signs Of Strength Here
Transocean(RIG) Seeking Alpha·2024-08-02 19:30
Jeremy Poland On Wednesday, July 31, 2024, offshore drilling rig owner Transocean Ltd. (NYSE:RIG) announced its second-quarter 2024 earnings results. At first glance, these results were very disappointing, as the company missed the expectations of its analysts on both a top-line revenue and a bottom-line earnings basis: Seeking Alpha The company's revenues did come in stronger than last year, though, which makes this look a bit better. The company's adjusted EBITDA was likewise stronger than what was seen i ...