HOUSTON (AP) — HOUSTON (AP) — Seadrill Ltd. (SDRL) on Wednesday reported a loss of $10 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of 16 cents. Earnings, adjusted for asset impairment costs, were 12 cents per share.
The offshore drilling services provider posted revenue of $362 million in the period.
For the year, the company reported a loss of $77 million, or $1.24 per share. Revenue was reported as $1.44 billion.
Seadrill expects full-year revenue in the range of $1.4 billion to $1.45 billion.
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