Noble (NE) reported Q3 adjusted diluted earnings late Tuesday of $0.58 per diluted share, down from $0.87 a year earlier.

Analysts polled by Capital IQ expected $0.83.

Operating revenue for the quarter ended Sept. 30 was $800.5 million, up from $697.5 million a year earlier.

Analysts surveyed by Capital IQ expected $739.2 million.

The company said it expects Q4 revenue in the range of $850 million to $890 million.

Analysts polled by Capital IQ expect $827.1 million.

The company said its board approved an increase in share repurchase authorization of up to $400 million.

Additionally, the board authorized an interim quarterly cash dividend of $0.50 per share. The dividend is payable on Dec. 19 to shareholders of record on Dec. 5.

Price: 31.57, Change: -0.23, Percent Change: -0.72