LONDON (AP) _ Noble Corp. (NE) on Wednesday reported a loss of $33.1 million in its fourth quarter.
The London-based company said it had a loss of 13 cents per share. Losses, adjusted for one-time gains and costs, came to 36 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The offshore drilling contractor posted revenue of $309.9 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $287.2 million.
For the year, the company reported that its loss widened to $885.1 million, or $3.59 per share. Revenue was reported as $1.08 billion.
In the final minutes of trading on Wednesday, the company's shares hit $3.31. A year ago, they were trading at $4.09.
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