Diamond Offshore Drilling, Inc. (DO), 53 percent owned by Loews Corp. (L), reported Monday that loss for the fourth quarter widened to $79.21 million or $0.58 per share from $51.11 million or $0.35 per share in the prior-year quarter. Adjusted loss for the quarter was $0.42 per share, compared to last year’s loss of $0.26 per share.
Total revenues for the quarter also declined to $232.52 million from $286.32 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.40 per share on revenues of $252.27 million. Analysts’ estimates typically exclude special items.
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