Noble (NYSE: NE) reported earnings on July 17. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Noble met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP earnings per share grew.

Margins dropped across the board.

Revenue details
 Noble reported revenue of $1.02 billion. The 24 analysts polled by S&P Capital IQ predicted revenue of $1.01 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $868.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.63. The 34 earnings estimates compiled by S&P Capital IQ forecast $0.55 per share. Non-GAAP EPS of $0.63 for Q2 were 6.8% higher than the prior-year quarter's $0.59 per share. GAAP EPS of $0.69 for Q2 were 9.5% higher than the prior-year quarter's $0.63 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 48.5%, 140 basis points worse than the prior-year quarter. Operating margin was 25.0%, 140 basis points worse than the prior-year quarter. Net margin was 17.4%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $4.25 billion. The average EPS estimate is $2.74.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,183 members out of 2,214 rating the stock outperform, and 31 members rating it underperform. Among 454 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 448 give Noble a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $46.26.

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