05:22 PM EDT, 08/05/2024 (MT Newswires) -- Seadrill ( SDRL ) reported Q2 earnings late Monday of $3.49 per diluted share, up from $1.16 a year earlier.

Analysts polled by Capital IQ expected $0.62.

Operating revenue for the quarter ended June 30 was $375 million, down from $414 million a year earlier.

Analysts polled by Capital IQ expected $358.8 million.

The company lowered full-year 2024 revenue guidance to between $1.36 billion and $1.41 billion from $1.47 billion and $1.52 billion. Analysts expected $1.46 billion.

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