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2014-03-25 07:00:00

NABORS WILL BE LOWER

NABORS WILL BE LOWER

NE. Nabors Industries Ltd. (NYSE:NBR) today announced that it expects first quarter earnings per share to fall below consensus estimates. The impact is essentially confined to the Completion Services segment and should approximate $0.07 per share. The Company attributed the shortfall to the persistent extraordinary weather and the resulting delays in some customers' well completion activity.
Tony Petrello, Nabors' Chairman and CEO, commented, "As we noted on our fourth-quarter earnings call, our first-quarter outlook for the Completion Services segment was cautious. Approximately 60% of…

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Tags: DRILLING, RIG, NABORS, INDUSTRIES

Chronicle:

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