Nabors industries sees q2 loss per share $22.13 from continuing operations

Nabors announces preliminary second quarter 2020 results.sees q2 2020 loss per share $22.13 from continuing operations.q2 revenue $534 million versus refinitiv ibes estimate of $536.9 million.net loss from continuing operations attributable to nabors common shareholders for quarter expected to be $22.13 per share.after-tax charges in q2 are expected to be $54 million, or $7.68 per share.q2 earnings per share view $-24.65, revenue view $536.9 million -- refinitiv ibes data.q2 operating performance reflected significant activity declines in north america.in international drilling segment, qtrly rig count declined by 4.3 rigs, a 5% reduction.q2 results reflect several actions taken by company to improve its fixed cost structure.nabors industries - estimates actions taken to improve fixed cost structure should generate savings of $96 million beginning in q2 through end of 2020.looking ahead, expect further deterioration in domestic and international markets.in u.s., a 50% decline in lower 48 rig count for industry drove a 36% reduction in nabors' qtrly drilling rigs.nabors industries - q2 international activity impacted by covid-related disruptions, which resulted in significantly lower dayrates for temporarily idled rigs.rig technologies segment saw stronger sales in international markets and stringent expense control in quarter.
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