Nabors: Q3 Earnings Snapshot

Associated Press Finance
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HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Wednesday reported a loss of $57.3 million in its third quarter.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of $6.26. Losses, adjusted for non-recurring costs, came to $5.40 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The drilling contractor posted revenue of $744.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $757.6 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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