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2017-05-02 16:00:00

NABORS NET LOSS $149 MLN

NABORS NET LOSS $149 MLN

NABORS  - Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR)  reported first quarter 2017 operating revenue of $563 million, compared to operating revenue of $539 million in the prior quarter.  Net income from continuing operations attributable to Nabors for the quarter was a loss of $149 million, or $0.52 per share, compared to a loss of $331 million, or $1.17 per share, in the fourth quarter of 2016.  The first quarter results include $7.8 million in net after-tax charges, or $0.03 per share, representing premiums incurred in open market purchases of near-term debt.

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Tags: NABORS, INDUSTRIES
Chronicle:
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