HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported fourth-quarter earnings of $138 million.
The Houston-based company said it had profit of $1.91 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The oilfield service company posted revenue of $1.29 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.26 billion.
For the year, the company reported profit of $431 million, or $5.93 per share. Revenue was reported as $4.92 billion.
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