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Noble cuts full-year guidance and reports Q2 profit near zero, shares fall

Noble reported Q2 results with adjusted EPS of $0.01, well below the consensus of about $0.19, and a net loss of $37m. Revenue was $720m (−15% y/y), slightly above the $710m estimate. The full-year revenue forecast was lowered to $2.80–2.90bn, citing, among other things, suspended drilling activity in Brazil; the stock fell about 6.5% in after-hours trading. » More on de.investing.com