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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (26428)	7/24/1998 5:12:00 PM
From: Bazmataz	Read Replies (1) \| Respond to of 95453

Ummm. Anyone want to comment on NE and MDCO's earnings releases? Is this right about NE? July 23, 1998, Noble Drilling Corp., announced June '98 three-month earnings per share, $0.38 vs $1.21 for same period a year ago. Six-month earnings, $0.73 vs $1.38 for same period a year ago. Results for 1997 include a gain of $128,500,000 or $0.95 per share from sale of 12 mat-supported jackup rigs. Results for 1997 exclude charges of $0.04 & $0.05 for the three- and six-month periods from purchase of senior notes .38 vs. 1.21 for the year ago period is pretty horrible AND that excludes a 128 million one time gain equating to .95/sh! Does this mean they would have LOST 57 CENTS PER SHARE WITHOUT THIS GAIN???? Someone please explain what I am missing here, or is this company losing GOBS of money. All comments appreciated.