STEINHAUSEN, Switzerland (AP) — STEINHAUSEN, Switzerland (AP) — Transocean Ltd. (RIG) on Wednesday reported a loss of $494 million in its third quarter.

The Steinhausen, Switzerland-based company said it had a loss of 58 cents per share. Earnings, adjusted for pretax expenses, were less than 1 cent on a per-share basis.

The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The offshore oil and gas drilling contractor posted revenue of $948 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $936.2 million.

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