Diamond Offshore Drilling Inc. Earnings Retreat 22% In Q3

(RTTNews) - Diamond Offshore Drilling Inc. (DO) announced a profit for third quarter that retreated compared to the same period last year.

The company said its bottom line declined to $10.80 million, or $0.08 per share. This was down from $13.93 million, or $0.10 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.8% to $366.02 million. This was up from $349.18 million last year.

Diamond Offshore Drilling Inc. earnings at a glance:

-Earnings (Q3): $10.80 Mln. vs. $13.93 Mln. last year. -Earnings Decline (Y-o-Y): -22.5% -EPS (Q3): $0.08 vs. $0.10 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.20 -Revenue (Q3): $366.02 Mln vs. $349.18 Mln last year. -Revenue Change (Y-o-Y): 4.8%