Weatherford (WFT) Tops Q2 EPS by 2c, Miss on Revenues
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Weatherford Reports Second Quarter 2018 Results
July 27, 2018 7:00 AM EDTBAAR, Switzerland, July 27, 2018 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss of $264 million, or a loss of $0.26 per share for the second quarter of 2018.
Weatherford's non-GAAP net loss for the second quarter of 2018, which excludes unusual charges and credits, was $156 million, or $0.16, diluted loss per share. This compares to a $188 million non-GAAP net loss in the prior quarter, or $0.19 diluted loss per share, and a $282 million non-GAAP net loss for the second quarter of 2017, or $0.28 diluted loss per share.
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