05:12 AM EDT, 04/30/2024 (MT Newswires) -- Transocean ( RIG ) reported Q1 earnings of $0.11 per share, swinging from a loss of $0.64 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.17.

Contract drilling revenue for the quarter ended March 31 was $763 million, up from $649 million a year earlier.

Analysts surveyed by Capital IQ expected $779.9 million.

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