Rowan's Quarterly Surprise Does Not Move Our Bearish Deepwater View
Rowan Companies reported an adjusted EPS of $0.30, handily beating the consensus estimate of a loss of $0.04. While the companies had joined offshore drilling peers in falling steeply in recently days, responding to the concurrent fall in oil prices, Rowan shares rallied about 4% on the good earnings news.The company attributed the performance to “lower-than-projected drilling and overhead expenses.†Across-the-board cost-cutting, particularly on costs associated with the company’s idle rigs, a...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.