Nabors Announces Preliminary Second Quarter 2020 Results

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Go back to Nabors Announces Preliminary Second Quarter 2020 Results

Nabors Industries (NBR) Tops Q2 EPS by $2.52, Revenues Miss

July 28, 2020 4:41 PM EDT

Nabors Industries (NYSE: NBR) reported Q2 EPS of ($22.13), $2.52 better than the analyst estimate of ($24.65). Revenue for the quarter came in at $533.93 million versus the consensus estimate of $536.9 million.

Anthony G. Petrello, Nabors Chairman, CEO and President, commented, "As we adjusted to the steep activity decline, Nabors delivered strong results in the second quarter, driven by increased market share and strong margins in the Lower 48, resilience in our International business and improved results in our Rig Technologies segment. In addition, we slashed our overhead expenses and capital spending, while making notable progress... More