Nabors Industries (NBR) Misses Q4 EPS by 3c

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Go back to Nabors Industries (NBR) Misses Q4 EPS by 3c

Nabors Announces FY 2015 and Fourth Quarter Results

February 16, 2016 4:25 PM EST

Notable items:

-       Fourth quarter GAAP EPS was ($0.57), which translates to ($0.22) excluding ($0.35) in impairments related to the current downturn

-       Above EPS includes a loss of $0.16 per share from unconsolidated affiliates

-       Repurchased $27.5 million of notes in 4Q 2015

-       Decreased total debt by $677 million during 2015

HAMILTON, Bermuda, Feb. 16, 2016 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) today reported FY 2015 operating revenues of $3.86 billion, including $366 million which comprises first-quarter revenue from the Completion and Production Services segment (NCPS), a business line that merged with C&J Energy Services, Inc. (CJES)... More