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

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

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.