Noble (NE +2.4%) powers higher after posting strong Q2 results, driven by higher revenue, lower...

|About: Noble Corporation plc (NE)|By:, SA News Editor

Noble (NE +2.4%) powers higher after posting strong Q2 results, driven by higher revenue, lower contract drilling expenses and lower-than-expected non-operating expenses. “Noble is benefiting from improving day rates, especially with respect to ultra-deepwater drillships,” a Dahlman Rose analyst says, citing NE’s $590K/day contract with Anadarko for its Noble Bob Douglas drillship.