The Houston-based company netted $99 million in the fourth quarter, up from $93 million a year earlier, on revenues down from $726 million to $675 million.
For the full year, earnings decreased by around 29% to $387 million from $549 million in 2013 as revenues slipped from $2.92 billion to $2.81 billion.
The full year result was hampered by a $0.95 per share non-cash impairment charge related to the retirement and scrapping of six mid-water semi-submersible rigs.
The
