Investing.com - Weatherford reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-0.63 on revenue of $965M. Analysts polled by Investing.com anticipated EPS of $-0.3665 on revenue of $961.5M.
Weatherford shares are up 6% from the beginning of the year and are trading at $34.68 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.11% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings missed by Comstock Resources on Tuesday, who reported EPS of $0.37 on revenue of $379.9M, compared to forecasts EPS of $0.4633 on revenue of $412.98M.
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