Nabors Industries Q2 2024 GAAP EPS $(4.29), Sales $742.979M Beat $739.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nabors Industries (NYSE:NBR) reported a Q2 2024 GAAP EPS loss of $(4.29) per share and sales of $742.979 million, which beat the analyst consensus estimate of $739.250 million by 0.50%. However, this represents a 4.60% decrease in sales compared to the same period last year.
July 23, 2024 | 8:08 pm
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Nabors Industries reported a Q2 2024 GAAP EPS loss of $(4.29) per share and sales of $742.979 million, beating estimates but showing a year-over-year decline in sales.
While Nabors Industries beat sales estimates, the significant EPS loss and year-over-year sales decline may neutralize any positive impact from beating estimates. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100