Nabors Industries (NBR) Reports Q3 Loss, Lags Revenue Estimates

Nabors Industries (NBR) came out with a quarterly loss of $3.35 per share versus the Zacks Consensus Estimate of a loss of $1.73. This compares to loss of $5.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -93.64%. A quarter ago, it was expected that this drilling contractor would post a loss of $1.77 per share when it actually produced a loss of $4.29, delivering a surprise of -142.37%.Over the last four quarters, the comp ...