Recap: Weatherford International Q4 Earnings
Portfolio Pulse from Benzinga Insights
Weatherford International (NASDAQ:WFRD) reported Q4 earnings with a 35.71% beat on EPS estimates, posting $1.9 versus the expected $1.4. Revenue increased by $153 million year-over-year. The company has a history of surpassing EPS estimates, which previously led to a slight increase in share price.
February 06, 2024 | 9:45 pm
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Weatherford International reported a significant beat on Q4 earnings estimates and a notable year-over-year revenue increase.
The substantial beat on earnings estimates and the year-over-year revenue growth are strong indicators of Weatherford International's robust financial health. Historically, such positive earnings reports have led to an increase in share price, as seen in the previous quarter. The company's consistent performance in surpassing EPS estimates further strengthens the case for a positive short-term impact on its stock price.
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