Weatherford: Fourth Quarter Earnings Overview

Weatherford International Exceeds Q4 Earnings Expectations

Weatherford International Inc., headquartered in Houston, announced on Tuesday that it achieved a net income of $138 million for the fourth quarter.

The company reported earnings of $1.91 per share, outperforming the consensus estimate of $1.42 per share from four analysts polled by Zacks Investment Research.

Revenue for the quarter reached $1.29 billion, which also topped analyst projections of $1.26 billion according to Zacks.

For the full year, Weatherford International recorded a total profit of $431 million, or $5.93 per share, with annual revenue amounting to $4.92 billion.

Article generated by Automated Insights using data from Zacks Investment Research.