Noble Corporation Raises FY24 Total Revenue Outlook From $2.55B - $2.70B To $2.65B - $2.75B, Est $2.663B
Portfolio Pulse from Benzinga Newsdesk
Noble Corporation has raised its FY24 total revenue outlook to a range of $2.65B - $2.75B, up from the previous range of $2.55B - $2.70B. The adjusted EBITDA range has been narrowed to $950M - $1,000M, and capital additions remain unchanged at $400M - $440M.
July 31, 2024 | 8:57 pm
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POSITIVE IMPACT
Noble Corporation has increased its FY24 revenue outlook to $2.65B - $2.75B and narrowed its adjusted EBITDA range to $950M - $1,000M. Capital additions remain unchanged.
The increase in revenue outlook and the narrowing of the adjusted EBITDA range indicate a positive financial performance for Noble Corporation. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100