Is This Even Credible: Nabors Earns 65 Cents/Share; Analysts Forecast 25 Cents

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Nabors reported its second-quarter profit rose to $192 million, or 65 cents a share, from a year-ago profit of $43.6 million, or 15 cents. Revenue for the three months ended June 30 increased to $1.36 billion from $907 million a year ago. Profit from continuing operations was 23 cents a share. Analysts polled by FactSet Research had predicted Nabors would earn 25 cents a share on $1.33 billion in revenue.

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