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Nabors Industries reports Q2 EPS ($2.71) vs. ($4.29) last year

Reports Q2 revenue $833M, consensus $845.37M. Anthony Petrello, Nabors Chairman, CEO and President, commented, “Our second quarter results demonstrated the strength of the Nabors portfolio while reflecting a full quarter contribution from the acquisition of Parker Wellbore. In total, EBITDA from the legacy Nabors businesses increased sequentially. I am pleased with the performance of the Parker operations, and our progress to realize expected cost synergies.”

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