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NE - Ensco: The Struggles Continue In Latest Quarter
Noble Corporation
On Thursday, May 2, 2019, offshore drilling giant Ensco Rowan plc (ESV) announced its first-quarter 2019 earnings results. At first glance, these results appeared to be mixed as the company beat the expectations of its analysts on the top-line but failed to meet their earnings expectations. The market certainly appeared to be disappointed by these results, though, as the stock plummeted in the market session that accompanied the earnings release. A closer look at the actual earnings report does provide some reasons for disappointment. Ensco has been struggling much more in the current