Weatherford (WFT) Misses Q4 EPS by 2c

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Go back to Weatherford (WFT) Misses Q4 EPS by 2c

Weatherford Reports Fourth Quarter 2018 Results

February 1, 2019 6:50 AM EST

BAAR, Switzerland, Feb. 1, 2019 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss of $2.1 billion, or a loss of $2.10 per share, for the fourth quarter of 2018. This compares to a net loss of $1.9 billion, or a loss of $1.95 per share, for the fourth quarter of 2017.

The non-GAAP net loss for the fourth quarter of 2018 was $140 million, or $0.14 diluted loss per share. This compares to a $103 million non-GAAP net loss in the prior quarter, or $0.10 diluted loss per share, and a $329 million non-GAAP net loss for the fourth quarter of 2017, or... More