Noble Corp PLC beats by $0.04, beats on revs
- Reports Q4 (Dec) loss of $(0.29) per share, excluding non-recurring items, $0.04 better thanthe Capital IQ Consensus of ($0.33); revenues fell 19.6% year/year to $329.59 mln vs the $285.67 mln Capital IQ Consensus.
- "The steady rise in crude oil prices since June 2017 and significant progress to date by our customers in reducing offshore project costs are, in part responsible for a growing number of offshore opportunities as project planning intensifies and new programs commence. Although the market for offshore rigs remains highly competitive, we are confident that a demonstrated preference by customers for premium, high-specification jackups and floating rigs with highly qualified crews will continue, leading to improving opportunities across our premium fleet in 2018."
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