Nabors Industries (NBR) Misses Q1 EPS by 10c, Revenues Beat

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Nabors Announces First Quarter 2019 Results

April 30, 2019 4:41 PM EDT

HAMILTON, Bermuda, April 30, 2019 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2019 operating revenue of $800 million, compared to operating revenue of $782 million in the fourth quarter of 2018. Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $122 million, or $0.36 per share, compared to a loss of $188 million, or $0.55 per share, in the prior quarter. Results for the fourth quarter of 2018 included net impairments and other charges of $52 million, or $0.15 per share after tax, and a separate non-cash... More