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Noble Corp.: 2Q Earnings Snapshot

August 1, 2019

LONDON (AP) _ Noble Corp. (NE) on Thursday reported a loss of $152 million in its second quarter.

The London-based company said it had a loss of 61 cents per share. Losses, adjusted for one-time gains and costs, were 34 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.

The offshore drilling contractor posted revenue of $292.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $268.9 million.

In the final minutes of trading on Thursday, the company’s shares hit $2.03. A year ago, they were trading at $5.77.


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

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