STEINHAUSEN, Switzerland (AP) _ Transocean Ltd. (RIG) on Tuesday reported a loss of $260 million in its fourth quarter.

The Steinhausen, Switzerland-based company said it had a loss of 40 cents per share. Losses, adjusted for non-recurring costs, were 19 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The offshore oil and gas drilling contractor posted revenue of $621 million in the period. Its adjusted revenue was $671 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $668.1 million.

For the year, the company reported a loss of $592 million, or 93 cents per share. Revenue was reported as $2.78 billion.

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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