Oil drilling company Seadrill Ltd (NYSE:SDRL) has been in the news over the past week, and SDRL stock is up 15% this morning after the company announced its Q2 2019 earnings.
SDRL Beats Estimates
Seadrill has struggled for several years due to the plunge in oil prices, but in the second quarter this year its losses proved to be lower than market expectations, and naturally, the investors reacted positively to that development. In addition to that, the company projected that things are going to improve significantly in the third quarter. On the other hand, earnings after ...
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Source: MicroSmallCap
(August 20, 2019 - 2:15 PM EDT)
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