HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Tuesday reported first-quarter profit of $33 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $2.18. Losses, adjusted for non-recurring gains, were $7.50 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 $2.64 per share.
The drilling contractor posted revenue of $742.8 million in the period. Its adjusted revenue was $736.2 million, beating Street forecasts. Four analysts surveyed by Zacks expected $718 million.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
