HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Wednesday reported a loss of $34.3 million in its first quarter.
The Hamilton, Bermuda-based company said it had a loss of $4.54 per share. Losses, adjusted for non-recurring gains, came to $5.16 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.24 per share.
The drilling contractor posted revenue of $743.9 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $730.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBR at https://www.zacks.com/ap/NBR
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