LONDON (AP) _ Valaris plc (VAL) on Thursday reported a loss of $216 million in its fourth quarter.

On a per-share basis, the London-based company said it had a loss of $1.09. Losses, adjusted for non-recurring gains, came to $1.55 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.28 per share.

The offshore contract drilling services company posted revenue of $512.1 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $507.7 million.

For the year, the company reported that its loss narrowed to $210.2 million, or $1.75 per share. Revenue was reported as $2.05 billion.

Valaris shares have decreased 13% since the beginning of the year. The stock has fallen 69% in the last 12 months.

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

Automated Insights, source Associated Press News