Investing.com - Weatherford reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Weatherford announced earnings per share of $-0.59 on revenue of $938M. Analysts polled by Investing.com anticipated EPS of $-0.49 on revenue of $952M.
Weatherford shares are up 19% from the beginning of the year and are trading at $33.24 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.17% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Schlumberger on Friday, April 22, 2022, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Valero Energy had beat expectations on Tuesday with first quarter EPS of $2.31 on revenue of $38.54B, compared to forecast for EPS of $1.67 on revenue of $30.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar