Nabors: 2Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $198.8 million in its second quarter.

The Hamilton, Bermuda-based company said it had a loss of 61 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 39 cents per share.

The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The drilling contractor posted revenue of $758.8 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $759.8 million.

Nabors shares have fallen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $5.98, a decline of 22 percent in the last 12 months.

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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