Ensco plc Q1 Earnings Fall 46%

(RTTNews) - Ensco plc (ESV) released a profit for first quarter that dropped from last year.

The company said its profit declined to $175.3 million, or $0.74 per share. This was lower than $324.7 million, or $1.38 per share, in last year's first quarter.

The company said revenue for the quarter fell 30.2% to $0.81 billion. This was down from $1.16 billion last year.

Ensco plc earnings at a glance:

-Earnings (Q1): $175.3 Mln. vs. $324.7 Mln. last year. -Earnings Decline (Y-o-Y): -46.0% -EPS (Q1): $0.74 vs. $1.38 last year. -EPS Decline (Y-o-Y): -46.4% -Revenue (Q1): $0.81 Bln vs. $1.16 Bln last year. -Revenue Change (Y-o-Y): -30.2%