Borr Drilling: Q4 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Borr Drilling Ltd. (BORR) on Thursday reported fourth-quarter net income of $28.4 million, after reporting a loss in the same period a year earlier.

The Hamilton, Bermuda-based company said it had profit of 11 cents per share.

The oilfield services company posted revenue of $220.6 million in the period.

For the year, the company reported net income of $22.1 million, or 9 cents per share, swinging to a profit in the period. Revenue was reported as $771.6 million.

Borr Drilling shares have decreased 12% since the beginning of the year. The stock has dropped 2% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BORR at https://www.zacks.com/ap/BORR