Nabors Industries (NBR) -1.9% premarket after saying its Q2 profit will fall short of...

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

Nabors Industries (NBR) -1.9% premarket after saying its Q2 profit will fall short of expectations, hurt by weak pressure pumping results and a $150M charge for the drop in the value of its portion of gas fields held by its NFR Energy affiliate. NBR also adopts a shareholder rights plan, allowing rights to purchase new preferred stock.