Nabors shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and worse-than-expected Q3 revenue results.
Portfolio Pulse from Benzinga Newsdesk
Nabors Industries Ltd. reported a year-over-year decrease in Q3 EPS results and worse-than-expected Q3 revenue results, leading to a drop in its share price.
October 26, 2023 | 2:15 pm
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NEGATIVE IMPACT
Nabors reported lower than expected Q3 earnings and revenue, causing its stock price to fall.
Nabors' lower than expected Q3 earnings and revenue are likely to negatively impact investor sentiment, leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100