Nabors Industries (NBR) Misses Q2 EPS by 37c

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Go back to Nabors Industries (NBR) Misses Q2 EPS by 37c

Nabors Announces Second Quarter Results

July 31, 2018 5:38 PM EDT

HAMILTON, Bermuda, July 31, 2018 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2018 operating revenue of $762 million, compared to operating revenue of $734 million in the first quarter, a 4% increase.  Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $202 million, or $0.61 per share, compared to a loss of $144 million, or $0.46 per share, in the prior quarter.  Results for the second quarter included a loss on the sale of Middle East offshore rigs of $63.7 million (or $0.20 per share, after tax) and... More