UPDATE: Weatherford (WFT) Beats Q4 EPS by 2c

Weatherford (NYSE: WFT) reported Q4 Adj EPS of ($0.32), $0.02 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.42 billion.

Krishna Shivram, CEO stated "During 2016, we took the necessary steps to secure our liquidity and provide a runway from which the Company can become consistently profitable and free cash flow positive. We also removed a significant level of fixed costs, while still achieving the best safety record in the company\'s history and measurably improving our service quality and performance."

For earnings history and earnings-related data on Weatherford (WFT) click here.

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