Oil drilling company Noble Corp., citing downtime on several of its offshore rigs, said late Wednesday its second-quarter profit fell to $54 million, or 21 cents a share, from $218 million, or 85 cents, a year ago. Revenue for the quarter fell 11.5% to $628 million from $709.9 million.
Analysts surveyed by FactSet Research predicted the company would earn 25 cents a share on $638.5 million in revenue. Noble shares fell 2% to $36.85 in after-hours trade. Prior to the report, the stock was up 0.8% at $37.63. It is up 17% over the past 12 months.
Noble is incorporated in Zug, Switzerland.
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