Nabors: Q4 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $69.1 million in its fourth quarter.

The Hamilton, Bermuda-based company said it had a loss of $7.87 per share. Losses, adjusted for non-recurring costs, came to $3.89 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.

The drilling contractor posted revenue of $769.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $734.5 million.

For the year, the company reported that its loss narrowed to $350.3 million, or $40.52 per share. Revenue was reported as $2.67 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NBR at

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