On Thursday, August 1, 2019, offshore drilling contractor Noble Corp. (NE) announced its second quarter 2019 earnings results. At first glance, these results appeared to be mixed as the company failed to meet the expectations of its analysts in terms of GAAP earnings but it did beat their expectations on top-line revenues. A closer look at the company's earnings results does indeed show very solid improvements over what it has dealt with in past quarters, which will certainly be something that the company's shareholders will appreciate. However, the offshore drilling industry as a