C&J Energy Services (CJES) Tops Q2 EPS by 10c
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C&J Energy Services Announces Second Quarter 2015 Results
August 5, 2015 4:50 PM EDTHAMILTON, Bermuda, Aug. 5, 2015 /PRNewswire/ -- C&J Energy Services Ltd. (NYSE: CJES) today reported net loss of ($65.1 million), or ($0.56) per diluted share, on revenue of $511.2 million for the second quarter of 2015, and Adjusted Net Loss(1) of ($53.8 million), or ($0.46) per diluted share(1). Adjusted Net Loss excludes a $5.4 million, or $0.05 per diluted share, after-tax charge related to costs associated with the March 2015 combination (the "Transaction") of C&J Energy Services, Inc. ("Legacy C&J") with the completion and production services business (the "C&P Business") of Nabors Industries Ltd.; as well as severance costs... More
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
