Nabors Industries (NBR +6.3%) rallies after reporting a Q4 loss on charges related to the...

|About: Nabors Industries Ltd. (NBR)|By:, SA News Editor

Nabors Industries (NBR +6.3%) rallies after reporting a Q4 loss on charges related to the departure of its former CEO and losses at natural gas assets, but the contract land driller would have recorded a profit it the items were excluded. Operating profit in its U.S. lower 48 land-drilling business rose 31%, and its domestic pressure-pumping business jumped 42%.