Nabors Industries (NBR) Tops Q2 EPS by 19c

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Go back to Nabors Industries (NBR) Tops Q2 EPS by 19c

Nabors Announces Second Quarter Results

August 2, 2016 5:21 PM EDT

HAMILTON, Bermuda, Aug. 2, 2016 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) today reported second quarter 2016 operating revenues of $571.6 million, compared to operating revenues of $597.6 million in the first quarter.  Net income from continuing operations for the quarter was a loss of $186.6 million, or ($0.65) per diluted share, compared to a loss of $396.6 million, or ($1.41) per diluted share, last quarter. Net income from continuing operations for the second quarter includes a loss of $0.39 per share due to impairments and losses related to disposed businesses and assets.  The largest component, totaling $0.34 per... More