Weatherford Reports Second Quarter 2018 Results

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Weatherford (WFT) Tops Q2 EPS by 2c, Miss on Revenues

July 27, 2018 7:01 AM EDT

Weatherford (NYSE: WFT) reported Q2 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.47 billion.

Mark A. McCollum, President and Chief Executive Officer, commented, "We have taken significant steps to strengthen our organization and lay the foundation for sustainable growth.... More