Noble Corp.: 3Q Earnings Snapshot
LONDON (AP) _ Noble Corp. (NE) on Wednesday reported a loss of $444.9 million in its third quarter.
The London-based company said it had a loss of $1.79 per share. Losses, adjusted for pretax expenses, came to 46 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The offshore drilling contractor posted revenue of $275.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $261.3 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.30. A year ago, they were trading at $4.91.