Noble Corp. (NE) reported earnings for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $195.008 million, or $1.34 per share. This compares with $65.816 million, or $0.45 per share, in last year's second quarter.
Excluding items, Noble Corp. reported adjusted earnings of $105.306 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.5% to $692.844 million from $638.535 million last year.
Noble Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $195.008 Mln. vs. $65.816 Mln. last year.-EPS (Q2): $1.34 vs. $0.45 last year.-Revenue (Q2): $692.844 Mln vs. $638.535 Mln last year.
-Guidance:Full year revenue guidance: $2,650 - $2,750 Mln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.