Why Borr Drilling Stock Withered on Wednesday
Its second-quarter net loss deepened considerably.
Overview
Borr Drilling (NYSE: BORR) stock couldn't quite surmount the hump of Hump Day. After market close on Tuesday, the offshore drilling specialist published a second-quarter earnings report that displeased investors. By the end of Wednesday's trading, Borr's shares had declined by almost 4%.
Borr collected just over $232 million in revenue for the period, 13% down from the same quarter of 2025. It also flipped to a net loss, at over $241 million ($0.79 per share) from the year-ago profit of more than $35 million.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.