Noble Corp. (NE) announced earnings for second quarter that Decreased from last year and missed the Street estimates.
The company's earnings totaled $42.87 million, or $0.27 per share. This compares with $195.01 million, or $1.34 per share, last year.
Excluding items, Noble Corp. reported adjusted earnings of $20.38 million or $0.13 per share for the period.
Analysts on average had expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.5% to $848.65 million from $692.84 million last year.
Noble Corp. earnings at a glance (GAAP) :
-Earnings: $42.87 Mln. vs. $195.01 Mln. last year.-EPS: $0.27 vs. $1.34 last year.-Revenue: $848.65 Mln vs. $692.84 Mln last year.
-Guidance:Full year revenue guidance: $3,200 to $3,300 Mln
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