Investing.com - Weatherford reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-1.23 on revenue of $903M. Analysts polled by Investing.com anticipated EPS of $-0.8777 on revenue of $829.1M.
Weatherford shares are up 180% from the beginning of the year and are trading at $16.81 , down-from-52-week-high.They are outperforming the Nasdaq which is up 14.54% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings missed by Equinor ADR on Wednesday, who reported EPS of $0.49 on revenue of $17.46B, compared to forecasts EPS of $0.5109 on revenue of $17.5B.
Schlumberger had beat expectations on Friday, July 23, 2021 with second quarter EPS of $0.3 on revenue of $5.63B, compared to forecast for EPS of $0.2593 on revenue of $5.51B.
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