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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:09 EDTNBRNabors Industries reports Q4 EPS with gains 44c, consensus 29c
Reports Q4 revenue $1.63B, consensus $1.66B. Q4 income per share of 44c benefited from net gains on asset dispositions, higher investment income and a favorable tax rate. Results also included an operating income charge of $17.7M due to the establishment of reserves with respect to a customer bankruptcy and lower expected margins on a construction project in U.S. Offshore operations, essentially offset by $16.3M in early contract termination payments during the quarter that are attributable to future periods. Net gains on asset dispositions were $17.2M, or 4c per share. The higher than usual investment income reflected non-cash mark-to-market increases in certain securities, principally a portion of the company's interest in Honghua Group, a Chinese rig manufacturer. The quarter's results also reflect a tax adjustment to bring the full year normalized tax rate to 25%, resulting in a Q4 effective tax rate of 3%, for an EPS impact of approximately 10c per diluted share.
News For NBR From The Last 14 Days
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February 26, 2015
15:19 EDTNBRNabors Industries volatility elevated into Q4 and outlook
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February 18, 2015
10:05 EDTNBROn The Fly: Analyst Initiation Summary
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06:55 EDTNBRNabors Industries initiated with an Outperform at BMO Capital
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February 17, 2015
08:02 EDTNBRC&J Energy files statement with SEC regarding Nabors Industries combination
C&J Energy Services (CJES) announced that on Friday, February 13 the Company filed its definitive proxy statement with the SEC regarding the proposed combination of C&J with the completion and production services business of Nabors Industries (NBR). C&J also announced that it has set the date of its special meeting of stockholders to consider and vote on, among other things, a proposal to approve the Pending Transaction. The special meeting of stockholders will be held at 9:00 am Central Time on Friday, March 20 at C&J's headquarters located at 3990 Rogerdale, Houston, Texas 77042. C&J stockholders of record as of the close of business on January 30 the "record date" for purposes of the special meeting, will be entitled to receive notice of and to participate at the special meeting. The Company expects to complete the Pending Transaction promptly following approval by C&J stockholders at the special meeting, subject to the satisfaction of the other conditions set forth in the merger agreement relating to the Pending Transaction.
February 13, 2015
06:09 EDTNBRNabors Industries volatility elevated into Q4 and outlook
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