Ensco Posts $1.2 Bln Loss In Q2 - Quick Facts

(RTTNews) - Offshore drilling contractor Ensco plc (ESV) reported a second-quarter net loss attributable to company of $1.17 billion or $5.07 per share, compared to net income of $357.0 million or $1.55 per share in the prior-year quarter.

Loss from continuing operations for the quarter was $622.0 million or $2.69 per share, compared to income of $346.4 million or $1.48 per share in the year-ago quarter.

Excluding items, adjusted income from continuing operations for the quarter was $1.58 per share. On average, 24 analysts polled by Thomson Reuters expected the company to report earnings of $1.22 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter grew 6 percent to $1.20 billion from $1.13 billion in the same quarter last year. Analysts expected revenue of $1.50 billion for the quarter.