ADVFN - Advanced Financial Network.
HOME» NYSE » N » NBR Stock Price » NBR Stock News

Nabors Share News

 Nabors Industries Ltd. Stock Price
NBR Stock Price
 Nabors Industries Ltd. Stock Chart
NBR Stock Chart
 Nabors Industries Ltd. Stock News
NBR Stock News
 Nabors Industries Ltd. Company Information
NBR Company Information
 Nabors Industries Ltd. Stock Trades
NBR Stock Trades

Nabors 2Q Net Soars On Higher Revenue, Asset Sale Gain

DOW JONES NEWSWIRES Nabors Industries Ltd.'s (NBR) second-quarter profit soared on continued strong results from the land-drilling oil contractor's operations in the continental U.S., as well as a gain related to the sale of Colombia assets. The company joined larger rivals, including market leader Schlumberger Ltd. (SLB), in reporting a stronger second-quarter profit as producers rush to cash in on high crude-oil prices globally and to tap North America's newfound reserves of oil and natural gas. However, Nabors last month projected an operating profit for the second quarter and the full year that missed analysts' then expectations, citing lower-than-expected performances in its pressure-pumping and international businesses. On Tuesday, Nabors reported earnings of $192.4 million, or 65 cents a share, up from $43.6 million, or 15 cents a share, a year earlier. The latest results included a 42-cent gain related to the sale of the company's Colombia exploration and production assets. Total revenue jumped 50% to $1.36 billion. Analysts polled by Thomson Reuters expected a profit of 24 cents a share on revenue of $1.33 billion. Drilling revenue increased 33% in the continental U.S. segment but fell 0.7% internationally. Shares fell 0.5% to $27 in after-hours trading. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Nabors (NBR)
DateTimeHeadline
01/28/201516:51:43MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement
01/05/201513:14:06MARKET SNAPSHOT: U.S. Stocks Nose Dive As Oil Prices Tumble
01/05/201511:12:27MARKET SNAPSHOT: U.S. Stocks Getting Walloped Amid Oil, Euro...
01/05/201510:53:21MARKET SNAPSHOT: U.S. Stocks Getting Walloped Amid Euro, Oil...
01/05/201510:19:27MARKET SNAPSHOT: U.S. Stocks Threaten 200-point Tumble Amid Euro...
01/05/201510:17:03MARKET SNAPSHOT: U.S. Stocks Tumble Amid Euro, Oil Turmoil
12/29/201420:26:24MARKET SNAPSHOT: S&P 500 Rises To Record, But Dow Snaps 7-day...
12/29/201420:23:11MARKET SNAPSHOT: S&P 500, Dow On Pace For Record Closes
12/29/201419:35:44MARKET SNAPSHOT: S&P 500 Hits Another Record As Stocks Edge Up
12/24/201412:21:07MARKET SNAPSHOT: U.S. Stocks Inch Higher As Santa Rally Stays...
12/24/201411:03:29MARKET SNAPSHOT: U.S. Stocks Inch Higher As Santa Stays Jolly
11/26/201418:38:59C&J Energy Begins Court-Ordered Solicitation of Alternatives...
10/22/201409:51:50U.S. Hot Stocks: Hot Stocks to Watch
03/18/201415:00:26Disney, Activist Shareholders Reach Compromise
02/19/201409:51:22U.S. Stocks: Hot Stocks to Watch
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-

Nabors and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad