Weatherford International Ltd. (WFT) announced a profit for third quarter that Dropped, from last year and missed the Street estimates.
The company's earnings totaled $81 million, or $1.12 per share. This compares with $157 million, or $2.06 per share, last year.
Analysts on average had expected the company to earn $1.19 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 12.6% to $1.232 billion from $1.409 billion last year.
Weatherford International Ltd. earnings at a glance (GAAP) :
-Earnings: $81 Mln. vs. $157 Mln. last year.-EPS: $1.12 vs. $2.06 last year.-Revenue: $1.232 Bln vs. $1.409 Bln last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.