logo
Share SHARE
FONT-SIZE Plus   Neg

Nabors Industries Q1 Profit Up - Quick Facts

Nabors Industries Ltd. (NBR: Quote) 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade NBR now with 
Follow RTT