Nabors Announces Third-Quarter Results

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Nabors Industries (NBR) Misses Q3 EPS by 1c

October 25, 2016 6:04 PM EDT

Nabors Industries (NYSE: NBR) reported Q3 EPS of ($0.35), $0.01 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $519.7 million versus the consensus estimate of $541.31 million.

Anthony Petrello, Nabors' Chairman, President, and CEO, commented, "After a challenging downturn, we are experiencing significant utilization increases in our Lower 48 market, although spot market pricing continues to remain competitive. Similarly, our international markets are... More