04:44 AM EDT, 05/02/2024 (MT Newswires) -- Valaris ( VAL ) reported Q1 earnings late Wednesday of $0.35 per diluted share, down from $0.61 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Revenue for the quarter ended March 31 was $525 million, up from $430.1 million a year earlier.

Analysts surveyed by Capital IQ expected $502.3 million.

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