HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $55.8 million in its third quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of $6.86. Losses, adjusted for non-recurring costs, came to $3.35 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.73 per share.
The drilling contractor posted revenue of $743.3 million in the period. Its adjusted revenue was $731.8 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $750.2 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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