Stock Track | Nabors Soars Despite Q3 Earnings Miss, Driven by Optimistic Q4 Outlook

Stock Track10-23

Nabors Industries Ltd. (NBR) saw its stock surge 5.29% on October 23, despite reporting a larger-than-expected loss for the third quarter of 2024. The company's shares rose as investors focused on the company's optimistic outlook and guidance for the fourth quarter.

In its Q3 2024 earnings report, Nabors reported an adjusted loss of $3.35 per share, missing the Zacks Consensus Estimate of a loss of $1.79 per share. However, this loss was narrower compared to the year-ago quarter's reported loss of $5.4 per share, indicating an improvement in the company's performance.

While the company's revenues of $731.8 million missed estimates and declined year-over-year, Nabors provided encouraging guidance for the fourth quarter of 2024. The company expects an average rig count of approximately 68 in its U.S. drilling segment, with a daily margin of $15,000. Additionally, Nabors anticipates adjusted EBITDA of $36-$37 million from its Drilling Solutions segment and $9-$10 million from its Rig Technologies segment.

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(NBR) saw its stock surge 5.29% on October 23, despite reporting a larger-than-expected loss for the third quarter of 2024. The company's shares rose as investors focused on the...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NBR","symbol_name":"纳伯斯","start_time":0,"source_url":"","article_id":"1190598761","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190598761","pubTimestamp":1729691561,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Nabors Industries Ltd.  saw its stock surge 5.29% on October 23, despite reporting a larger-than-expected loss for the third quarter of 2024. The company's shares rose as investors focused on the company's optimistic outlook and guidance for the fourth quarter.In its Q3 2024 earnings report, Nabors reported an adjusted loss of $3.35 per share, missing the Zacks Consensus Estimate of a loss of $1.79 per share. However, this loss was narrower compared to the year-ago quarter's reported loss of $5.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NBR":"纳伯斯"},"translate_title":"尽管第三季度盈利未达预期，但在乐观的第四季度前景推动下，纳伯斯股价仍飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NBR":1},"content_text":"Nabors Industries Ltd. (NBR) saw its stock surge 5.29% on October 23, despite reporting a larger-than-expected loss for the third quarter of 2024. 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