Diamond Offshore reports Q1 adjusted EPS 25c, consensus 0c

Reports Q1 revenue $274.61M, consensus $267.42M. Bernie Wolford, Jr., President and Chief Executive Officer, stated, “The demand landscape remains compelling for our business. The high-specification deepwater rig supply-demand balance continues to tighten, which is resulting in strong contracting conditions that have already begun to benefit our fleet. The average contract dayrate across our fleet will notably increase as we transition to our recently awarded contracts.”