Noble Corporation narrows second quarter loss

Offshore drilling contractor Noble Corporation reduced its quarterly loss as its revenues grew during the second quarter of 2019, but the company was affected by a charge related to the Paragon Offshore spinoff.

Noble on Thursday reported a net loss attributable to the company for the second quarter 2019 of $152 million, on total revenues of $293 million. In the second quarter of 2018, Noble’s net loss was $628.1 million on total revenues of $258.4 million.

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