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More on Transocean (RIG): Q4 EPS beats but revenue comes up a bit shy. The latest period...

More on Transocean (RIG): Q4 EPS beats but revenue comes up a bit shy. The latest period included special gains of $0.35 a share due to favorable discrete tax items plus income from discontinued operations primarily associated with the sale of its shallow water rigs. Net earnings also swung to a profit as last year's large impairment charge and loss contingencies weighed on results, and operating and maintenance expenses fell 39% for the current quarter.
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