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.