Diamond Offshore Reports First Quarter 2003 Earnings
Diamond Offshore Drilling Inc. reported a net loss of $21.6 million, or $0.17 per share on a diluted basis, on revenues of $146.1 million for the first quarter of 2003, compared to net income of $22.6 million, or $0.17 per share on a diluted basis, on revenues of $201.6 million for the first quarter of 2002.
As of March 31, 2003, there were 130.3 million shares of common stock outstanding. Depending on market conditions, the Company may, from time to time, purchase shares of its outstanding common stock in the open market or otherwise.
Diamond Offshore is a leader in deep water drilling. The Company's fleet of 47 offshore drilling rigs consists of 32 semisubmersibles, 14 jack-ups and one drillship. The fleet operates in the waters of six of the world's seven continents.
Manages 19 Offshore Rigs
- New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise (Oct 30)
- Diamond Offshore's Profit Beats Estimates On Lower Costs (May 01)
- Offshore Drillers Still Seeking Recovery Enjoyed by Shale (Feb 07)