Transocean Records a Strong Quarter

Today, our energy analysts look at the world's largest offshore contractor driller, Transocean (NYS: RIG) . The company reported that adjusted per-share earnings from continuing operations rose to $1.37, while revenue increased 23% to $2.44 billion.

Transocean also earlier agreed to sell 38 shallow-water drillers as part of a plan to focus on the higher end of the offshore-drilling market. Transocean's revenue has improved in recent quarters; analyst Joel South gives you the Fool scoop in the following video.

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Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean and Seadrill. Motley Fool newsletter services recommend Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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