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Transocean profit tumbles 33% amid diminishing activity and higher OPEX (RIG)

Nov 04, 2009 (SmarTrend(R) News Watch via COMTEX) --

Company: Transocean Sedco Forex, Inc. (RIG)

11/4/2009-Transocean (NYSE:RIG) reported Q3 EPS of $2.65, missing consensus estimates of $2.67.

Revenues in the quarter fell 11.6% to $2.82 billion, and came in short of consensus estimates of $2.85 billion.

Third-quarter operating and maintenance expenses were $1.396 billion, vs. $1.28 billion in the sequential quarter, representing an increase of $119 million or 9.3%.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Transocean Sedco Forex, Inc. (RIG)


Related terms: eps, market, nyse, profit, securities

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