04:53 PM EDT, 05/14/2024 (MT Newswires) -- Seadrill ( SDRL ) late Tuesday reported Q1 earnings of $0.81 per diluted share, down from $0.83 a year earlier.

Analysts polled by Capital IQ expected $0.67.

Operating revenue for the quarter ended March 31 was $367 million, up from $266 million a year earlier.

Analysts polled by Capital IQ expected $371.5 million.

The company reaffirmed its full-year 2024 revenue guidance of $1.47 billion to $1.52 billion. Analysts expected $1.48 billion.

Shares of Seadrill ( SDRL ) were up over 4% in in after-hours activity.

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