Weatherford Reports Third Quarter 2018 Results

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Go back to Weatherford Reports Third Quarter 2018 Results

Weatherford International (WFT) PT Lowered to $3.50 at Credit Suisse

October 30, 2018 7:50 AM EDT

Credit Suisse analyst James Wicklund lowered the price target on Weatherford International (NYSE: WFT) to $3.50 (from $4.50) while maintaining a Outperform rating.

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Weatherford (WFT) Tops Q3 EPS by 3c, Revenues Miss

October 29, 2018 6:50 AM EDT

Weatherford (NYSE: WFT) reported Q3 EPS of ($0.10), $0.03 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.52 billion.

Increased segment operating income by 68% sequentially and by $123 million on a year-over-year basis.Reached an agreement with lenders to extend the revolving credit facility.Achieved annualized recurring transformation benefits of $300 million, which represents 30% of the total transformation target.Signed a definitive agreement... More