HOUSTON—Diamond Offshore Drilling Inc., a provider of contract drilling services for energy companies, said Thursday its second-quarter profit soared 65 percent as revenue skyrocketed about 47 percent.
For the period ended June 30, the company reported earnings of $416.3 million, or $2.99 per share, compared with profit of $251.9 million, or $1.81 per share, in the year-ago period.
The number of outstanding shares rose slightly to 139.1 million from 138.9 million between the two periods.
Revenue jumped to $954.4 million from $648.9 million a year ago.
Analysts polled by Thomson Financial expected, on average, earnings of $2.78 per share on revenue of $928.5 million.
Meanwhile, the company said it has received letters of intent for four semisubmersible rigs that could bring in revenue of about $900 million, excluding certain options, and provide more than 6 years of work.
Shares closed Wednesday at $116.61, down about 18 percent so far this year.
