Borr Drilling Q1 Loss Widens, Revenue Rises; Shares Down Pre-Bell

MT Newswires Live

05/21

Borr Drilling (BORR) reported a Q1 net loss Wednesday of $0.09 per diluted share, widening from a $0.07 loss a year earlier.

Analysts polled by FactSet expected a $0.02 loss.

Operating revenue for the quarter ended March 31 was $247 million, compared with $216.6 million a year earlier.

Analysts polled by FactSet expected $253.3 million.

The company's shares were down 7.6% in premarket activity Thursday.

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