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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ensco Plc New | NYSE:ESV | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.27 | 0 | 01:00:00 |
From Jun 2019 to Jun 2024
DOW JONES NEWSWIRES
Ensco International Inc. (ESV) said Friday its fiscal third-quarter and fiscal-year earnings would be lower than projected because of non-routine downtime for two ultra-deepwater semisubmersibles.
The offshore driller said it expects third-quarter per-share earnings to be 14 cents to 18 cents a share less than previously thought because of the unanticipated downtime and repairs required on the two rigs.
It didn't change its outlook for 2010 deepwater segment revenue, which is forecast at about $600 million.
Ensco operates mainly in the jackup rig market, which has seen lower demand and increasing supply. Jackup rigs are used for offshore operations in waters about 300 feet deep.
In July, Ensco said its second-quarter profit fell 33% and revenue slid 16%.
Ensco's shares fell 1.8% to $36.61 in after-hours trading Friday. The stock has lost more than a third of its value in the past year.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com
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