Diamond Offshore Sinking as Fleet Status Trumps Earnings Beat
July 24, 2014 at 11:29 AM EDT
Yesterday, the folks at RBC Capital Markets predicted that earnings would matter far less than guidance for offshore drillers like Diamond Offshore (DO). They were right. Bloomberg Diamond Offshore reported a profit of 65 cents a share, easily topping the Street consensus for 56 cents a share, on revenue of $692 million, beating predictions for [...]