Weatherford International plc. (WFRD) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $76 million, or $1.03 per share. This compares with $112 million, or $1.50 per share, last year.
Analysts on average had expected the company to earn $1.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 12.2% to $1.193 billion from $1.358 billion last year.
Weatherford International plc. earnings at a glance (GAAP) :
-Earnings: $76 Mln. vs. $112 Mln. last year.
-EPS: $1.03 vs. $1.50 last year.
-Revenue: $1.193 Bln vs. $1.358 Bln last year.
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