Transocean Loss Narrower Than Estimates in Q1, Revenues Beat

Transocean Ltd. (RIG) reported a first-quarter 2025 adjusted net loss of 10 cents per share, narrower than the Zacks Consensus Estimate of a loss of 12 cents. However, the bottom line underperformed the year-ago period’s loss of 3 cents per share. This underperformance can be attributed to higher costs and expenses.This Switzerland-based offshore drilling powerhouse’s total adjusted revenues of $906 million beat the Zacks Consensus Estimate of$886 million. The top line also increased 18.7% from the prior-y ...