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Update: Noble Shares Drop Pre-Bell Amid Swing to Q3 Loss, Decline in Sales

Update: Noble Shares Drop Pre-Bell Amid Swing to Q3 Loss, Decline in Sales

MT newswireMT newswire2026/10/27 09:46
05:46 AM EDT, 10/27/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Noble (NE) shares fell 4% in Tuesday's premarket activity after the company reported a surprise swing to a Q3 loss amid sliding sales. The company reported a Q3 adjusted loss late Monday of $0.57 per diluted share, compared with adjusted earnings of $0.19 a year earlier. Analysts polled by FactSet expected adjusted earnings of $0.23. Revenue for the quarter ended Sept. 30 fell to $728.8 million from $798 million a year earlier. Analysts expected $713.8 million. The company adjusted its full-year 2026 revenue guidance to $2.85 billion to $2.90 billion from $2.80 billion to $2.90 billion earlier. Analysts expect $2.89 billion. The company maintained its quarterly dividend at $0.50 per share, payable Dec. 17 to holders of record on Nov. 25. Price: 45.90, Change: -1.91, Percent Change: -3.99
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