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Weatherford: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported fourth-quarter earnings of $138 million.

The Houston-based company said it had profit of $1.91 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The oilfield service company posted revenue of $1.29 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.26 billion.

For the year, the company reported profit of $431 million, or $5.93 per share. Revenue was reported as $4.92 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFRD at https://www.zacks.com/ap/WFRD

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updated by pwenzel 3:13pm
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