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Transocean: Q4 Earnings Snapshot
Transocean Ltd. reported a fourth-quarter profit of $25 million, or 2 cents per share, which fell short of analysts’ expectations of 9 cents per share. The offshore oil and gas drilling contractor achieved revenue of $1.04 billion for the quarter, meeting Street forecasts. For the full year, the company posted a net loss of $2.92 billion on revenues of $3.97 billion.