Diamond Offshore beats by $0.06, misses on revs
- Reports Q1 (Mar) loss of $0.53 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of ($0.59); revenues fell 24.4% year/year to $223.5 mln vs the $231.9 mln S&P Capital IQ Consensus.
- As of April 1, 2019, the Company's total contracted backlog was $1.8 bln, which excludes over $450 mln of backlog secured in April 2019 associated with the Ocean BlackRhino, Ocean BlackHawk and Ocean GreatWhite contracts discussed above and a $135 mln margin commitment from one of the Company's customers