Offshore oil-drilling company Transocean Ltd. RIG, +0.05% reported late Wednesday a first-quarter loss of $438 million, or $1.33 a share, reversing a year-ago profit of $456 million, or $1.25 a share. Adjusted to exclude one-time items, the company earned $398 million, or $1.10 a share. Revenue for the three months ended March 31 fell to $2.04 billion from $2.34 billion a year ago. Analysts surveyed by FactSet had predicted Transocean would earn 61 cents a share on $1.92 billion in revenue.
UBS forecasts Transocean will have $4.9 billion in negative free cash flow over the next two years.
Herbalife (NYSE: HLF) reported Q1 EPS of $1.29, $0.28 better than the analyst estimate of $1.01.
Herbalife sees FY2015 EPS of $4.30-$4.60, versus the consensus of $4.22.
Really? Earnings are decreasing,revenue growing only 30% & trading 106 times 2015 earnings. You buy I'll short it!
FBR Capital analyst William Bird reiterated a Market Perform rating and cut his price target on LinkedIn to $180.00 (from $211.00) following Q1 results and weak guidance