Investing.com - Weatherford reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Weatherford announced earnings per share of $-1.59 on revenue of $792.5M. Analysts polled by Investing.com anticipated EPS of $-1.43 on revenue of $820.33M.
Weatherford shares are up 12% from the beginning of the year and are trading at $2.3100 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings missed by Exxon Mobil on Friday, July 31, 2020, who reported EPS of $-0.7 on revenue of $32.61B, compared to forecasts EPS of $-0.61 on revenue of $38.16B.
Chevron had missed expectations on Friday, July 31, 2020 with second quarter EPS of $-1.59 on revenue of $13.49B, compared to forecast for EPS of $-0.93 on revenue of $21.87B.
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