Nabors industries reports q1 loss per share of $56.72 from continuing ops

Nabors announces first quarter 2020 results.q1 loss per share $56.72 from continuing operations.q1 revenue $718 million versus refinitiv ibes estimate of $707.4 million.q1 earnings per share estimate $-15.38 -- refinitiv ibes data.after-tax charges in q1 totaled $260 million, or $36.86 per share.among 14,000 employees, we have experienced less than 10 cases of virus.expects some reduction in international rig count during q2, and adjusted ebitda to decline.cut fy planned capital expenditures to $240 million.management has recommended suspension of dividend on common stock for a savings this year of $7 million.expect our activity levels to decline as compared to our initial expectations.
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