| Noble beats 4Q profit forecasts | |
| | |
|
HOUSTON (AP) _ Noble Energy Inc. (NBL) on Thursday reported fourth-quarter profit of $402 million.
The Houston-based company said it had net income of $1.05 per share. Earnings, adjusted for non-recurring gains, were 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The oil and gas company posted revenue of $1.07 billion in the period, which fell short of Street forecasts. Analysts expected $1.26 billion, according to Zacks.
For the year, the company reported profit of $1.21 billion, or $3.27 per share. Revenue was reported as $5.1 billion.
Noble shares have risen roughly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has dropped 24 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBL at http://www.zacks.com/ap/NBL
_____
Keywords: Noble Energy, Earnings Report
|
|
|
Noble Energy
|
|
|
CODE : NBL |
ISIN : US6550441058 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Noble Energy is a producing company based in United states of america. Noble Energy is listed in United States of America. Its market capitalisation is US$ 4.9 billions as of today (€ 4.1 billions). Its stock quote reached its highest recent level on May 09, 2008 at US$ 97.39, and its lowest recent point on August 31, 2020 at US$ 10.00. Noble Energy has 492 191 992 shares outstanding. |