Noble Corp. withdraws 2020 guidance [MarketWatch]
Noble Corporation plc Ordinary Shares (NE)
Last noble corporation plc ordinary shares earnings: 2/19 04:15 pm
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Source: MarketWatch
Noble Corp. withdrew its 2020 guidance due to the double whammy caused by the coronavirus pandemic and the Saudi Arabia-Russia oil-price wars and oversupply. Given the ongoing uncertainty, it cannot predict the magnitude or duration of the impact and cannot predict the pace of a recovery. Noble on Wednesday said it will report first-quarter results on May 6. Shares of Noble rose 3% in the extended session after ending the regular trading day 15% higher. Analysts polled by FactSet expect Noble to lose $1.87 a share on sales of $1.04 billion in 2020.
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