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Nabors Profit Down but Above Street Views
Nabors Industries(NBR Quote) reported first-quarter earnings Tuesday that beat analyst estimates.
Shares were flat after hours after finishing higher by $1.18, or 8.8% to $14.59 in regular trading.
Net income before charges was $184.4 million or 65 cents per diluted share compared with $212 million or 74 cents in the first quarter of 2008. Revenue in the quarter was $1.14 billion, compared with $1.32 billion in the year-ago quarter. After charges, EPS was 44 cents a share. ...
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