STEINHAUSEN, Switzerland (AP) _ Transocean Ltd. (RIG) on Monday reported a loss of $130 million in its third quarter.
The Steinhausen, Switzerland-based company said it had a loss of 20 cents per share. Losses, adjusted for pretax expenses, came to 19 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The offshore oil and gas drilling contractor posted revenue of $626 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $655.5 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIG at https://www.zacks.com/ap/RIG
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