Weatherford International Q1 2024 GAAP EPS $1.50 Beats $1.37 Estimate, Sales $1.358B Beat $1.325B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weatherford International (NASDAQ:WFRD) reported Q1 2024 earnings of $1.50 per share, surpassing the $1.37 estimate, and sales of $1.358B, exceeding the $1.325B estimate. This represents a 54.64% increase in earnings and a 14.50% increase in sales compared to the same period last year.
April 23, 2024 | 8:53 pm
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POSITIVE IMPACT
Weatherford International reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth in earnings and sales.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and the stock price of Weatherford International in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its offerings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100