Investing.com - Weatherford reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $0.39 on revenue of $1.12. Analysts polled by Investing.com anticipated EPS of $0.32 on revenue of $1.1B.
Weatherford shares are down 33% from the beginning of the year and are trading at $40.43 , down-from-52-week-high.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Schlumberger on Friday, October 21, 2022, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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