Seadrill (SDRL) Surpasses Q1 Earnings and Revenue Estimates
- Seadrill (SDRL) reported quarterly earnings of $0.81 per share, beating estimates. - The company's revenues for the quarter ended March 2024 were $367 million. - Seadrill shares have added about 7.3% since the beginning of the year. - Earnings outlook for Seadrill is mixed, with a Zacks Rank #3 (Hold). - Industry outlook for Oil and Gas - Drilling is currently in the bottom 27%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
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