April 17, 2013 / 9:11 PM / 7 years ago

Noble Corp profit rises as operations improve in Q1

April 17 (Reuters) - Noble Corp, owner of the world’s third-largest offshore drilling fleet, reported on Wednesday a higher-than-expected quarterly profit as the company put some of its struggles with maintenance behind it.

First-quarter net profit rose to $150 million, or 59 cents per share, from $120 million, or 47 cents per share, a year before. Revenue grew 22 percent to $971 million. Analysts, on average, had expected a profit of 50 cents per share, according to Thomson Reuters I/B/E/S.

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