Noble Shares Drop After Q2 Miss, Guidance Cut and Rig Suspensions
Noble Corp reported a weak second quarter with an adjusted EPS of $0.01 versus the $0.19 analyst consensus, a $37 million net loss, and a downward revision to full-year revenue guidance. Operational suspensions of two Brazil rigs and the end of a Black Sea contract were cited as key drivers of the revenue decline and negative free cash flow, prompt…