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Noble Corp.: 2Q Earnings Snapshot

LONDON (AP) _ Noble Corp. (NE) on Thursday reported a loss of $628.1 million in its second quarter.

The London-based company said it had a loss of $2.55 per share. Losses, adjusted for one-time gains and costs, were 49 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.

The offshore drilling contractor posted revenue of $258.4 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $257.8 million.

Noble Corp. shares have climbed 29 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 6 percent. In the final minutes of trading on Thursday, shares hit $5.85, a rise of 47 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NE at https://www.zacks.com/ap/NE