Borr Drilling: Q3 Earnings Insights

Benzinga Insights

Mon, Nov 30, 2020, 7:25 AM1 min read

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Shares of Borr Drilling (NYSE:BORR) fell 10.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 45.83% over the past year to ($0.39), which missed the estimate of ($0.32).

Revenue of $59,200,000 declined by 42.36% from the same period last year, which missed the estimate of $83,500,000.

Looking Ahead

Borr Drilling hasn't issued any earnings guidance for the time being.

View more earnings on BORR

Borr Drilling hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $9.12

52-week low: $0.24

Price action over last quarter: down 11.86%

Company Overview

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.

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Borr Drilling: Q3 Earnings Insights

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