Nabors: Fourth Quarter Earnings Overview

Nabors Industries Announces Fourth Quarter Financial Results

Nabors Industries Ltd., headquartered in Hamilton, Bermuda, revealed on Wednesday that it earned $10.3 million during the fourth quarter.

The company reported a net profit of $0.17 per share for the period.

As a drilling services provider, Nabors generated $805.1 million in revenue for the quarter. Adjusted revenue reached $797.5 million, surpassing analyst expectations. According to Zacks Investment Research, four analysts had predicted revenue of $796.6 million.

Looking at the full year, Nabors Industries achieved a total profit of $286.6 million, which equates to $17.39 per share, with annual revenue totaling $3.18 billion.