Transocean Q1 Profit Rises - Quick Facts

(RTTNews) - Transocean Ltd. (RIG) reported that its first-quarter income from continuing operations increased to $474 million or $1.27 per share, from $318 million or $0.89 per share, last year. Net income attributable to controlling interest increased to $456 million from $321 million. Total earnings per share was $1.25, compared to $0.88. Net income, as adjusted, was $520 million or $1.43 per share, for the quarter.

On average, 34 analysts polled by Thomson Reuters expected the company to report profit per share of $1.02 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $2.34 billion from $2.18 billion. Analysts expected revenue of $2.27 billion for the quarter.