Weatherford (WFT) Tops Q3 EPS by 4c, Offers Outlook

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Go back to Weatherford (WFT) Tops Q3 EPS by 4c, Offers Outlook

Weatherford Reports Third Quarter 2015 Results

October 21, 2015 4:30 PM EDT

BAAR, Switzerland, Oct. 21, 2015 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss before charges of $42 million ($0.05 net loss per share non-GAAP) on revenues of $2.24 billion for the third quarter of 2015.  GAAP net loss for the third quarter of 2015 was $170 million, or a net loss of $0.22 per share.

Third Quarter 2015 Highlights

Net debt decreased by $28 million and positive free cash flow from operations was $123 million; Operating income increased 3% and by 47 basis points sequentially, driven mostly by improvements in North America where revenue... More