Nabors Announces First Quarter 2019 Results
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Nabors Industries (NBR) Misses Q1 EPS by 10c, Revenues Beat
April 30, 2019 4:52 PM EDTNabors Industries (NYSE: NBR) reported Q1 EPS of ($0.36), $0.10 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $800 million versus the consensus estimate of $776.1 million.
Anthony G. Petrello, Nabors Chairman, CEO and President, commented, "Our U.S. Drilling segment continues to perform exceptionally well as illustrated by a 10% sequential increase in quarterly adjusted EBITDA on a 5% increase in revenue. This was principally due to improved pricing on a slightly higher rig count in... More
