Valaris Limited (VAL) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $835.2 million, or $11.30 per share. This compares with $29.2 million, or $0.38 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.6% to $483.8 million from $433.6 million last year.
Valaris Limited earnings at a glance (GAAP) :
-Earnings (Q4): $835.2 Mln. vs. $29.2 Mln. last year.
-EPS (Q4): $11.30 vs. $0.38 last year.
-Analyst Estimate: $0.14
-Revenue (Q4): $483.8 Mln vs. $433.6 Mln last year.
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