RDC - Noble Corporation: Excellent Quarter Fourth Quarter Looks To Be Even Better
On Wednesday, October 31, 2018, offshore drilling contractor Noble Corp. (NE) announced its third quarter 2018 earnings results. The headline numbers here were certainly impressive as the firm beat analysts' expectations on both the top- and bottom-lines. Indeed, there were certainly some very positive developments in the results. The company does still show signs that it is suffering from the weakness in the offshore drilling industry. This industry is beginning to show signs of strengthening, however, it is a weak recovery. We also see signs that Noble is beginning to benefit from