October 23, 2007 / 2:07 AM / 11 years ago

Nabors sees Q3 results below analysts' view

Oct 5 (Reuters) - Nabors Industries Ltd (NBR.N) said it expects third-quarter results to be lower than current analysts’ consensus estimates, mainly due to lower-than-expected rig activity across most of its North American rig operations.

The land-based, oil and gas driller expects earnings of 73 cents to 76 cents a share for the quarter, including a gain from the sale of certain oil and gas properties and its Sea Mar entity.

Analysts on average expect the Hamilton, Bermuda-based company to earn 81 cents a share, before items, according to Reuters Estimates. (Reporting by Dilipp S. Nag in Bangalore)

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