Diamond Offshore Drilling Posts Another Better Than Expected Earnings Result

Diamond Offshore Drilling Posts Another Better Than Expected Earnings Result

Expectations for rig companies are incredibly low right now, so even the slightest good news is going to lead to some large stock bumps. This was certainly the case when Diamond Offshore Drilling (NYSE: DO) reported earnings. Even though revenue declined from the prior quarter, the company posted a slight earnings beat that sent shares up close to 10%. Let's dig into Diamond's most recent numbers to see what had Wall Street excited. 

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Source: Diamond Offshore Drilling earnings release. EPS= earnings per share.

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Source: Fool.com