Investing.com - Valaris reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Valaris announced earnings per share of $0.98 on revenue of $437.2M. Analysts polled by Investing.com anticipated EPS of $0.40 on revenue of $428.91M.
Valaris shares are up 10% from the beginning of the year , still down 8.65% from its 52 week high of $68.87 set on Tuesday, November 1, 2022.
Valaris follows other major Energy sector earnings this month
Valaris's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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