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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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December 19, 2014
16:07 EDTNBRC&J Energy confirms Delaware Supreme Court overturns injunction
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13:55 EDTNBRDelaware Supreme Court rules C&J, Nabors merger can proceed
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December 17, 2014
12:51 EDTNBRNY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).
09:32 EDTNBRParkway Properties signs two leases totaling 213,000 square feet in Houston
Parkway Properties (PKY) announced that it has signed two leases totaling 213,000 square feet in Houston, Texas with Nabors Industries (NBR) and Bristow Group (BRS). Nabors Industries signed a 98,000 square foot expansion lease at One Commerce Green, located in the Greenspoint submarket of Houston, that expires on September 30, 2025. Bristow Group Inc. signed a 115,000 square foot new lease at CityWestPlace, located in the Westchase submarket of Houston, that expires on January 31, 2025. As of December 17, 2014, Parkway's Houston portfolio has approximately 418,000 square feet of 2015 lease expirations, which represents 9.5% of its total Houston portfolio. Parkway estimates a positive mark-to-market potential of approximately 27% on its 2015 Houston expirations and 34% on its 2016 Houston expirations.
December 12, 2014
14:54 EDTNBRNabors Industries volatility elevated as shares near six-year low
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December 9, 2014
10:23 EDTNBROn The Fly: Analyst Downgrade Summary
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05:51 EDTNBRNabors Industries downgraded to Hold from Buy at Jefferies
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