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.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you