Nabors Industries (NBR) Misses Q3 EPS by 8c

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Go back to Nabors Industries (NBR) Misses Q3 EPS by 8c

Nabors Announces Third-Quarter 2017 Earnings Results

October 24, 2017 4:18 PM EDT

HAMILTON, Bermuda, Oct. 24, 2017 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported third-quarter 2017 operating revenues of $662 million, compared to operating revenues of $631 million in the second quarter of 2017.  The net loss from continuing operations, attributable to Nabors, for the current quarter was $121 million, or $0.42 per diluted share, compared to a loss of $117 million, or $0.41 per diluted share, last quarter. 

Third-quarter adjusted EBITDA improved by 3% sequentially to $143 million.  The increase was largely attributable to a 7% increase in both rig activity and margins in the Company's Lower 48 operations and higher... More