HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $16.7 million in its fourth quarter.

The Hamilton, Bermuda-based company said it had a loss of $2.70 per share. Losses, adjusted for non-recurring gains, were $3.84 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.54 per share.

The drilling contractor posted revenue of $737.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $749.5 million.

For the year, the company reported a loss of $11.8 million, or $5.49 per share. Revenue was reported as $3.05 billion.

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