Diamond Offshore Drilling Inc. Q3 Profit Advances 159%

(RTTNews) - Diamond Offshore Drilling Inc. (DO) released earnings for its third quarter that gained ground from last year.

The company said its bottom line climbed to $136.42 million, or $0.99 per share. This was up from $52.65 million, or $0.38 per share, in last year's third quarter.

The company said revenue for the quarter fell 17.3% to $609.74 million. This was down from $737.68 million last year.

Diamond Offshore Drilling Inc. earnings at a glance:

-Earnings (Q3): $136.42 Mln. vs. $52.65 Mln. last year. -Earnings Growth (Y-o-Y): 159.1% -EPS (Q3): $0.99 vs. $0.38 last year. -EPS Growth (Y-o-Y): 160.5% -Revenue (Q3): $609.74 Mln vs. $737.68 Mln last year. -Revenue Change (Y-o-Y): -17.3%