Noble Corp. Misses Estimates Badly; Stock Down After Hours (NE)

Offshore driller Noble Corp. NE released its quarterly earnings on Monday after the closing bell. The company reported Q2 earnings of $218 million or $0.85 per share compared to $392 million or $1.49 per share in the year ago period. This compared with analysts' estimates of $1.05. Revenues for the quarter were $709.92 million, which was down from $898.87 million in last year's corresponding quarter. This missed analysts' revenue estimates of $771.21 million. In the after hours, NE has fallen 6.13% to $30.68.