Noble Corp (NE) Tops Q2 EPS by 12c, Provides Outlook

Noble Corp (NYSE: NE) reported Q2 EPS of $0.64, $0.12 better than the analyst estimate of $0.52. Revenue for the quarter came in at $771.3 million versus the consensus estimate of $770.08 million.

Outlook

In closing, Williams stated, "During the first half of 2015, we have made significant progress toward achieving several important priorities for the Company including enhancing fleet reliability and uptime performance, further reducing operating costs and securing additional committed time on our rigs, all of which contributed to margin preservation and a steady cash position. These priorities remain central to our strategy for managing through the current cycle."

Market conditions will remain strained for now, but our premium fleet mix, solid contract cover, excellent operations execution and reduced capital needs leave the Company well-placed, with the flexibility to improve our competitive position as we move closer to the inevitable cyclical recovery."

For earnings history and earnings-related data on Noble Corp (NE) click here.

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