Seeking Alpha

Transocean beats by $0.30, beats on revenue

  • Transocean (RIG): Q3 EPS of $1.37 beats by $0.30.
  • Revenue of $2.56B (+5.2% Y/Y) beats by $90M.
  • Shares +1.8% AH. (PR)
Comments (2)
    , contributor
    Comments (17) | Send Message
    6 Nov 2013, 05:50 PM Reply Like
  • fa-by-day
    , contributor
    Comments (10) | Send Message
    For the life of me, I just don't have the stomach to be a momentum guy. I just don't have the DNA. I'm lazy, so 3 weeks ago we were buying RIG around the 44 print just thinking Mr. Market was miss-pricing an asset. (As a Graham/Buffett desciple, I believe this happens frequently. ) Had RIG dropped to 40 (providing no material revelation), we would have bought more. But we didn't get the chance since this earnings beat is as public as a fart in church. Oh well, onward we all trudge.
    7 Nov 2013, 12:05 AM Reply Like
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