Nabors Industries Ltd. (NBR) revealed Loss for its third quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$55.83 million, or -$6.96 per share. This compares with -$48.92 million, or -$6.26 per share, in last year's third quarter.
Excluding items, Nabors Industries Ltd. reported adjusted earnings of -$63.19 million or -$6.86 per share for the period.
Analysts on average had expected the company to earn -$2.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.1% to $743.31 million from $744.14 million last year.
Nabors Industries Ltd. earnings at a glance (GAAP) :
-Earnings (Q3): -$55.83 Mln. vs. -$48.92 Mln. last year.
-EPS (Q3): -$6.96 vs. -$6.26 last year.
-Revenue (Q3): $743.31 Mln vs. $744.14 Mln last year.
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