Weatherford International Q4 EPS $1.90 Beats $1.40 Estimate, Sales $1.36B Beat $1.34B Estimate
Portfolio Pulse from totan@benzinga.com
Weatherford International (NASDAQ:WFRD) reported Q4 earnings of $1.90 per share, surpassing the $1.40 estimate, marking a 91.92% increase from last year. Sales reached $1.36B, exceeding the $1.34B estimate and showing a 12.66% increase from the previous year.
February 06, 2024 | 9:41 pm
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Weatherford International reported a significant beat on both earnings and sales estimates for Q4, with earnings per share at $1.90 and sales at $1.36B.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year growth, suggests a positive outlook for WFRD's stock in the short term. The company's performance exceeds analyst expectations, which typically leads to positive investor sentiment and could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100