Noble Energy (NASDAQ:NBL) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Noble (NYSE:NE) Energy announced earnings per share of $0.18 on revenue of $1.02B. Analysts polled by anticipated EPS of $0.01 on revenue of $1.08B. That with comparison to EPS of $-0.09 on revenue of $1.05B in the same period a year before. Noble Energy had reported EPS of $-0.05 on revenue of $1.17B in the previous quarter. Analysts are expecting EPS of $-0.42 and revenue of $711.35M in the upcoming quarter.
Noble Energy shares are down 64% from the beginning of the year , still down 67.56% from its 52 week high of $27.31 set on September 16, 2019. They are under-performing the Nasdaq which is down 0.66% year to date.
Noble Energy follows other major Energy sector earnings this month
Noble Energy's report follows an earnings beat by Exxon Mobil on May 1, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on May 1 with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
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