Nabors Industries (NBR) Reports Q1 Loss, Tops Revenue Estimates

Nabors Industries (NBR) came out with a quarterly loss of $5.16 per share versus the Zacks Consensus Estimate of a loss of $2.24. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -130.36%. A quarter ago, it was expected that this drilling contractor would post a loss of $1.54 per share when it actually produced a loss of $3.84, delivering a surprise of -149.35%.Over the last four quarters, the com ...