Nabors Industries Q4 Profit Soars - Quick Facts

(RTTNews) - Nabors Industries Ltd. (NBR) Tuesday reported fourth-quarter net income attributable to the company of $150.6 million or $0.50 per share, compared to $27.1 million or $0.09 per share in the same period last year.

Net loss from continuing operations totaled $128.5 million or $0.42 per share, down from $131.6 million or $0.45 per share last year.

On average, 26 analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other income rose to $1.61 billion from $1.60 billion last year. Analysts expected revenues of $1.55 billion.