Valaris (VAL) Stock Rebound Runs Into Falling Revenue And Merger Uncertainty
Valaris (VAL) shares rose about 2% to $78.78 after Q2 results. The company reported Q2 revenue of $539.2m, down 12.3% year over year, with basic EPS of $0.73 versus $1.62 a year earlier. Net income excluding extra items fell 56.2%. The article also cites a pending all-stock Transocean merger and analyst expectations of earnings declines.







