Weatherford International Q2 GAAP EPS $1.66 Misses $1.74 Estimate, Sales $1.41B Miss $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weatherford International (NASDAQ:WFRD) reported Q2 earnings of $1.66 per share, missing the analyst estimate of $1.74. Sales were $1.41 billion, slightly below the $1.42 billion estimate. Despite the misses, earnings and sales showed significant year-over-year growth.
July 23, 2024 | 8:47 pm
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Weatherford International's Q2 earnings and sales missed analyst estimates, but both metrics showed significant year-over-year growth. The EPS was $1.66, missing the $1.74 estimate, and sales were $1.41 billion, slightly below the $1.42 billion estimate.
The slight misses in both EPS and sales estimates may cause a neutral short-term impact on the stock price. However, the significant year-over-year growth in both earnings and sales could mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100