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Nabors profit drops on tough North American market
2013年7月23日 / 晚上8点46分 / 4 年前

Nabors profit drops on tough North American market

July 23 (Reuters) - Oilfield services company Nabors Industries Ltd reported on Tuesday a drop in quarterly profit as it struggles in an over-supplied market for hydraulic fracturing services.

The company, owner of the world’s largest land-drilling rig fleet, as well as pressure pumping equipment for fracking, said its net income was $29 million, or 8 cents per share, compared with a loss of $99 million, or 34 cents per share, a year earlier. Revenue fell 6 percent to $1.5 billion, in line with the Wall Street estimate.

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