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Ensco: 1Q Earnings Snapshot

LONDON (AP) _ Ensco PLC (ESV) on Wednesday reported a loss of $190.4 million in its first quarter.

The London-based company said it had a loss of $1.75 per share. Losses, adjusted for non-recurring costs and pretax expenses, came to $1.69 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.79 per share.

The offshore contract drilling services company posted revenue of $405.9 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $407.4 million.

Ensco shares have declined 7% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. In the final minutes of trading on Wednesday, shares hit $13.23, a fall of 40% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESV at https://www.zacks.com/ap/ESV