Valaris Limited second-quarter profit drops to $50.4 million

Earnings
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Summary · why it matters

Valaris Limited reported a decline in second-quarter profit, with earnings falling to $50.4 million, or $0.72 per share, from $115.1 million, or $1.61 per share, in the same period last year. Revenue for the quarter decreased 12.4% to $539.2 million from $615.2 million a year earlier.

Impact on stocks 1

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Valaris Ltd
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Second-quarter profit and revenue declined significantly year-over-year.

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