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Transocean expands backlog and receives merger approval amid weak Q3 results

Earnings Whispers · ·by G4L

RIG
RIG Transocean Ltd
$5.17 -1.34%
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  1. 1Transocean Ltd reported adjusted Q3 earnings per share of $0.00, missing the consensus estimate of $0.03.
  2. 2Transocean Ltd added approximately $2 billion to its backlog.
  3. 3The US Department of Justice (DOJ) and Brazil's antitrust authority (CADE) approved the Valaris merger without conditions.

So what's the key point?

Transocean Ltd reported lower earnings than expected for the third quarter. However, the company secured $2 billion in new work and received approval for its merger with Valaris.

Source Earnings Whispers · View original ↗

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