Investing.com - Weatherford reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-1.63 on revenue of $842M. Analysts polled by Investing.com anticipated EPS of $-1.38 on revenue of $800.44M.
Weatherford shares are up 81.67% from the beginning of the year and are trading at $10.9000 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Exxon Mobil on Tuesday, February 2, 2021, who reported EPS of $0.03 on revenue of $46.54B, compared to forecasts EPS of $0.0078 on revenue of $46.55B.
Chevron had missed expectations on Friday, January 29, 2021 with fourth quarter EPS of $-0.01 on revenue of $25.25B, compared to forecast for EPS of $0.0918 on revenue of $25.82B.
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