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

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

Nabors Announces Preliminary Second Quarter 2020 Results

July 28, 2020 4:15 PM EDT

HAMILTON, Bermuda, July 28, 2020 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2020 operating revenues of $534 million compared to operating revenues of $718 million in the first quarter of 2020.  The net loss from continuing operations attributable to Nabors common shareholders for the quarter is expected to be $152 million, or $22.13 per share, compared to a loss of $395 million, or $56.72 per share in the prior quarter. After-tax charges in the second quarter are expected to be $54 million, or $7.68 per share, primarily related to asset impairments and severance costs. After-tax... More