Nabors Industries' Q3 Earnings & Revenues Lag Estimates

Nabors Industries Ltd. (NBR) reported a third-quarter 2024 adjusted loss of $3.35 per share, which was wider than the Zacks Consensus Estimate of a loss of $1.79. This underperformance was due to higher year-over-year general and administrative expenses, research and engineering expenses, interest expenses and other expenses. However, the loss was significantly narrower than the year-ago quarter’s reported loss of $5.4 per share.This improvement resulted from better operating income from NBR’s International ...