HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Tuesday reported third-quarter profit of $274.2 million.
The Hamilton, Bermuda-based company said it had profit of $16.85 per share. Losses, adjusted for non-recurring gains, were $3.67 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 $2.37 per share.
The drilling contractor posted revenue of $825.5 million in the period. Its adjusted revenue was $818.2 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $841.7 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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