Weatherford (WFT) Tops Q3 EPS by 2c, Miss on Revenues

Weatherford (NYSE: WFT) reported Q3 EPS of ($0.22), $0.02 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.48 billion.

Third Quarter 2017 Highlights

• Segment operating income of $34 million, a sequential improvement of 187%;
• Transition tasks for OneStimSM joint venture are largely complete and closing is expected before year end;
• Commenced a reorganization as a first step toward a more substantial business transformation; and
• Received multiple awards for best technologies and operational excellence at the 2017 World Oil Awards.

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

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