Nabors (NBR $23.34 -0.69) announced it expects second quarter
operating income to be in the range of $165 million to $170 million versus the
$187 million Cap IQ consensus.
The company also indicated its current estimate for full-year operating income
results approaches $900 million versus the $916 million Cap IQ consensus.
The company stated this is primarily due to lower than expected results from its
Pressure Pumping, US Offshore, and International businesses, partially offset by
better results in its US Lower 48 and Canadian operations.






