Rig Contractor Diamond Offshore Posts Quarterly Loss

Reuters

Aug 1 (Reuters) - Rig contractor Diamond Offshore Drilling Inc posted a quarterly loss, compared with a year-earlier profit, hurt by a $612 million impairment charge.

The company reported a net loss of $589.9 million, or $4.30 per share, for the second quarter ended June 30. Diamond Offshore had a profit of $87.4 million, or 64 cents per share, a year earlier.

The Houston-based company's total revenue fell 17.4 percent to $388.7 million.

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Kirti Pandey)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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