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Nabors Industries Q1 Profit Up - Quick Facts

Nabors Industries Ltd. (NBR) reported that its first-quarter net income attributable to the company was $134.09 million or $0.46 per share, up from $82.83 million or $0.28 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other income for the quarter rose to $1.84 billion from $1.40 billion in the prior year quarter. Nineteen analysts had consensus revenue estimate of $1.80 billion for the quarter.

by RTT Staff Writer

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