Noble Energy Inc. (NBL) reported that its first-quarter net income decreased to $261 million or $1.45 per share, from $263 million or $1.47 per share last year. Net income from continuing operations was $232 million or $1.28 per share, compared to $249 million or $1.39 per share prior year. Excluding the impact of unrealized commodity derivatives losses and certain other items, adjusted net income from continuing operations was $269 million or $1.48 per share, compared to $297 million or $1.65 per share prior year. Total revenues increased to $1.14 billion from $1.09 billion last year.
On average, 28 analysts polled by Thomson Reuters expected the company to report profit of $1.21 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.08 billion for the quarter.
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