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Diamond Offshore Drilling 1Q Profit Rises 20 Pct
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HOUSTON (AP) — Diamond Offshore Drilling Inc. on Thursday said its first-quarter profit rose 20 percent on rising contract drilling sales, beating Wall Street expectations.
Earnings for the quarter climbed to $348.6 million, $2.51 per share, from $290.5 million, or $2.09 per share, during the prior-year period.
Analysts polled by Thomson Reuters estimated a profit of $2.22 per share, on average. ...
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