Transocean shares (RIG +0.3%) are volatile during CEO Greg Cauthen's conference call, as he sees...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean shares (RIG +0.3%) are volatile during CEO Greg Cauthen's conference call, as he sees FY2013 revenues coming in $1.15B-$1.2B lower than expected after the recent sale of shallow rigs. Costs associated with the sales should total $120M-$140M, Cauthen says.