Nabors Industries (NBR) Reports Q2 Loss, Misses Revenue Estimates

This quarterly report represents an earnings surprise of -142.37%. A quarter ago, it was expected that this drilling contractor would post a loss of $2.24 per share when it actually produced a loss of $5.16, delivering a surprise of -130.36%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Nabors has underperformed the market so far this year, the quest ...