Investing.com - Weatherford reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-0.11 on revenue of $1.05B. Analysts polled by Investing.com anticipated EPS of $-0.155 on revenue of $1.01B.
Weatherford shares are down 27% from the beginning of the year and are trading at $20.20 , down-from-52-week-high.They are under-performing the Nasdaq which is down 23.09% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Equinor ADR on Wednesday, who reported EPS of $2.11 on revenue of $36.32B, compared to forecasts EPS of $1.62 on revenue of $36.63B.
Schlumberger had beat expectations on Friday, July 22, 2022 with second quarter EPS of $0.5 on revenue of $6.77B, compared to forecast for EPS of $0.3995 on revenue of $6.28B.
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