Noble corp posts q3 loss per share of $1.79

Reports third quarter 2019 results.q3 loss per share $1.79.q3 revenue $276 million versus refinitiv ibes estimate of $261.7 million.q3 earnings per share estimate $-0.52 -- refinitiv ibes data.q3 loss per share $0.46 excluding items.results reflect impact of a non-cash charge totaling $596 million relating to impairment of drillship noble bully ii.at september 30, 2019, company's revenue backlog totaled approximately $2.0 billion.qtrly average rig utilization 76% versus 69% reported last year.noble corporation - advanced discussions with shell to receive payout of noble bully ii contract & acquire shell's interest in bully joint ventures.noble corporation - noble would receive a lump sum amount for fifty percent share of buyout of noble bully ii contract.expect to receive the payout for noble bully ii contract in q4 2019.
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