Investing.com - Nabors Industries reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nabors Industries announced earnings per share of $-1.80 on revenue of $694.00. Analysts polled by Investing.com anticipated EPS of $-4.23 on revenue of $680.39M.
Nabors Industries shares are down 37% from the beginning of the year and are trading at $137.50 , down-from-52-week-high.
Nabors Industries shares gained 0.05% in after-hours trade the report.
Nabors Industries follows other major Energy sector earnings this month
Nabors Industries's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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