7/102 sources · 2 publishersUpdated Oct 20, 21:21 UTC
Weatherford posts Q3 earnings beat and revenue above forecasts
Weatherford International reported third‑quarter earnings of $1.66 per share, topping analyst expectations of $1.21. Revenue reached $1.14 billion, slightly ahead of the $1.13 billion forecast. The company noted the results came despite a three‑month stock decline of 10.51%, while the share price is up 18.94% year‑to‑date.
Why it matters
The earnings beat may support a reassessment of the company's valuation, as analysts had expected lower earnings. Investors will watch whether the positive surprise translates into price appreciation after a recent three‑month decline.
Key facts
- 1Q3 earnings were $1.66 per share. finance.yahoo.com
- 2Analyst expectations were $1.21 per share. finance.yahoo.com
- 3Q3 revenue was $1.14 billion. finance.yahoo.com
- 4Analyst revenue forecasts were $1.13 billion. finance.yahoo.com
- 5The stock is down 10.51% over the past three months. investing.com
- 6The stock is up 18.94% year‑over‑year. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.