Weatherford (WFT) Misses Q4 EPS by 12c

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Go back to Weatherford (WFT) Misses Q4 EPS by 12c

Weatherford Reports Fourth Quarter 2017 Results

February 2, 2018 7:00 AM EST

BAAR, Switzerland, Feb. 2, 2018 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss of $1.94 billion, or a loss of $1.95 per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 million, or $0.33 diluted loss per share. This compares to a $221 million non-GAAP net loss for the third quarter of 2017, or $0.22 diluted loss per share, and a $303 million non-GAAP net loss for the fourth quarter of the prior year, or $0.32 diluted loss per share. Revenue in the fourth quarter of 2017 was $1.49... More