Noble Corporation's Earnings Keep Declining on Weak Offshore Market

There have been some very early signs that the offshore oil and gas industry is picking back up again, but you can't find those signs in Noble Corporation's (NYSE: NE) most recent earnings report. Revenue and earnings continued to decline, and there wasn't much news during the quarter about new contracts to suggest things are going to get better soon.

Let's take a look at Noble's most recent results and what management sees that might suggest the market will improve.

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Source: Fool.com