Nabors Industries (NBR) Misses Q2 EPS by 5c
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Nabors Announces Second Quarter Results
August 4, 2015 4:15 PM EDTHAMILTON, Bermuda, Aug. 4, 2015 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors")(NYSE: NBR)today reported second-quarter revenue and earnings from unconsolidated affiliates of $862 million, compared to $1.42 billion in the first quarter of 2015, and $1.62 billion in the second quarter of last year. The comparable quarters included $367 million and $535 million respectively, in revenue from Completion and Production Services, a business line that merged with C&J Energy Services on March 24, 2015. Beginning in the second quarter, Nabors' results reflect equity-method accounting for this investment on a quarter-lag basis.
Net income from continuing... More
