Noble Corp (NE) Misses Q2 EPS by 1c, Revenues Beat

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Go back to Noble Corp (NE) Misses Q2 EPS by 1c, Revenues Beat

Noble Corporation plc Reports Second Quarter 2018 Results

August 2, 2018 5:00 PM EDT

LONDON, Aug. 2, 2018 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, the Company) today reported a net loss attributable to the Company for the three months ended June 30, 2018 of $628 million, or $2.55 per diluted share, on revenues of $258 million. The results included a non-cash charge totaling $793 million, or $2.06 per diluted share, ($507 million, net of tax and noncontrolling interests) relating to the impairment of three rigs and certain capital spares. Excluding the non-cash charge, the Company's net loss attributable to Noble Corporation for the three months ended June 30, 2018 would have been $121 million, or $0.49 per diluted share.

During the... More