STEINHAUSEN, Switzerland (AP) — STEINHAUSEN, Switzerland (AP) — Transocean Ltd. (RIG) on Wednesday reported a loss of $123 million in its second quarter.

On a per-share basis, the Steinhausen, Switzerland-based company said it had a loss of 15 cents.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The offshore oil and gas drilling contractor posted revenue of $861 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $866.4 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