Noble Energy 1Q Loss Widens
May 03 2019 - 8:14AM
Dow Jones News
By Chris Wack
Noble Energy Inc. (NBL) Friday reported a first-quarter loss
that was bigger than analysts expected.
The Houston-based oil and natural gas exploration and production
company posted a loss of $313 million, or 65 cents a share,
compared to a profit of $554 million, or $1.14 a share, a year
earlier. Analysts polled by FactSet expected a loss of 5 cents a
share.
On an adjusted basis, Noble Energy reported a loss of 9 cents a
share. Analysts were expecting an adjusted loss of 6 cents a share,
per FactSet.
Revenue was $1.05 billion, the company said, topping the $997
million analysts were targeting.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 03, 2019 07:59 ET (11:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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