Nabors Industries -1.8%, sees Q1 EPS falling below consensus

Nabors Industries (NBR) -1.8% premarket after announcing it expects Q1 earnings to fall below consensus estimates, which would result in EPS of less than $0.20.

NBR says the impact is confined to its completion services segment, citing persistent bad weather and the resulting delays in some customers' well completion activity; the shortfall is seen at ~$0.07/share.

NBR says improving underlying demand for pressure pumping gives it a constructive, though tempered, outlook for the business through the rest of 2014.

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