Weatherford (WFRD) reported quarterly earnings of $1.50 per share, which is higher than the Zacks Consensus Estimate of $1.34 per share. However, this is a decrease compared to earnings of $1.90 per share from the same period last year.
*Non-GAAP - please see the section called Non-GAAP Financial Measures Defined and the reconciliation of GAAP to Non-GAAP Financial Measures.
HOUSTON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) will hold a conference call on Thursday, February 6, 2025, to talk about its results for the fourth quarter and the entire year that ended on December 31, 2024.
Weatherford International's revenue for the third quarter was below what analysts had predicted, but their earnings per share exceeded expectations, resulting in mixed financial results. Revenue from different segments stayed the same with little growth, and adjusted EBITDA fell by 3%, suggesting a slowdown in growth. Although the company made good decisions regarding capital and lowered its net debt, its future growth prospects remain uncertain.
Weatherford International plc (NASDAQ:WFRD) will hold its Q3 2024 Earnings Conference Call on October 23, 2024, at 8:30 AM ET. The call will feature company representatives including Luke Lemoine, Girish Saligram, and Arun Mitra, along with participants from various financial institutions. The operator thanked everyone for their patience as the call began.
Weatherford (WFRD) reported quarterly earnings of $2.06 per share, which is higher than the Zacks Consensus Estimate of $1.65 per share. This is an increase compared to earnings of $1.66 per share from the same period last year.
Weatherford International plc reported third-quarter revenues of $1,409 million, which is a 7% increase compared to the same period last year. Operating income rose by 11% to $243 million, while net income saw a significant jump of 28% to $157 million, resulting in a net income margin of 11.1%. The company also experienced a credit rating upgrade and announced a quarterly cash dividend of $0.25 per share, payable on December 5, 2024.
HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) will hold a conference call on Wednesday, October 23, 2024, to talk about its financial results for the third quarter, which ends on September 30, 2024.
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) has announced that its credit rating has been raised to 'BB-' from 'B+' by S&P Global Ratings. This upgrade was influenced by several factors, such as better operating efficiency and the company's efforts to pay off its debt.
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) has announced that it has acquired Datagration Solutions Inc., a leader in data integration, analytics, and machine learning. This acquisition positions Weatherford as a company with advanced digital solutions for optimizing production and assets, highlighting its dedication to ongoing innovation in its technology offerings.