Seadrill Beats on Q1 Revenue and EPS, Raises Dividend
Results for Seadrill's first quarter show operating revenue totaled $1.27 billion, up from $1.05 billion in the same period the previous year. Attributable net profit over that time frame dipped slightly, coming in at $409 million ($0.85 per diluted share) from Q1 2012's $416 million ($0.87).
In a press release, Seadrill said it had recorded its best operating quarterly results ever. The most recent quarter's numbers were well above analyst expectations, which were for $1.14 billion in revenue and EPS of $0.58.
On the back of the strong quarterly results, the firm raised its quarterly dividend by $0.03 per share, which works out to a 3.5% increase. It will pay $0.88 per share on or about June 20 to stockholders of record as of June 7.
The article Seadrill Beats on Q1 Revenue and EPS, Raises Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in SeaDrill. The Motley Fool recommends SeaDrill. The Motley Fool owns shares of SeaDrill. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.