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Nabors: 1Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $117.7 million in its first quarter.

The Hamilton, Bermuda-based company said it had a loss of 36 cents per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The drilling contractor posted revenue of $809.3 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $773.8 million.

In the final minutes of trading on Tuesday, the company's shares hit $3.50. A year ago, they were trading at $7.61.


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