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HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Wednesday reported a loss of $53.7 million in its fourth quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of $6.67.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.86 per share.
The drilling contractor posted revenue of $738.6 million in the period. Its adjusted revenue was $729.8 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $730.4 million.
For the year, the company reported a loss of $176.1 million, or $22.37 per share. Revenue was reported as $2.93 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBR at https://www.zacks.com/ap/NBR