Noble Corp. Reports 41% Decline In Q1 Bottom Line

(RTTNews) - Noble Corp. (NE) reported earnings for first quarter that dropped from last year.

The company said its bottom line came in at $105.49 million, or $0.42 per share. This was lower than $178.40 million, or $0.72 per share, in last year's first quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 23.9% to $611.97 million. This was down from $804.34 million last year.

Noble Corp. earnings at a glance:

-Earnings (Q1): $105.49 Mln. vs. $178.40 Mln. last year. -Earnings Decline (Y-o-Y): -40.9% -EPS (Q1): $0.42 vs. $0.72 last year. -EPS Decline (Y-o-Y): -41.7% -Analysts Estimate: $0.33 -Revenue (Q1): $611.97 Mln vs. $804.34 Mln last year. -Revenue Change (Y-o-Y): -23.9%