Nabors Posts Loss In Q2 On Tax Expense - Quick Facts

(RTTNews) - Nabors Industries Ltd. (NBR) reported a second-quarter loss from continuing operations of $41.9 million or $0.14 per share, compared to profit of $65.7 million or $0.21 per share, prior year. The company noted that its result includes $0.23 of tax expense for the quarter.

On average, 28 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.

Revenue and other income decreased to $863.37 million from $1.62 billion last year. Analysts expected revenue of $799.17 million for the quarter.