STEINHAUSEN, Switzerland (AP) _ Transocean Ltd. (RIG) on Monday reported a loss of $99 million in its first quarter.

The Steinhausen, Switzerland-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring gains, came to 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The offshore oil and gas drilling contractor posted revenue of $653 million in the period.

In the final minutes of trading on Monday, the company’s shares hit $3.34. A year ago, they were trading at $1.15.

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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