Citi has revised the 3Q10 adjusted EPS for Noble Corp. NE to $0.34 per share from $0.39 per share to conform with the Thomson One reported EPS figure. It previously excluded from the 3Q10 results $14 million of transaction costs associated with the acquisition of FDR Holdings Limited at the end of July 2010.
Our full year 2010 EPS estimate is now $3.02 per share
and our earnings estimates for 2011 and 2012 are unchanged.
Citi has a Buy rating and $42 PT on Noble Corp.
NE closed Monday at $55.14
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