HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported first-quarter net income of $112 million.
The Houston-based company said it had profit of $1.50 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The oilfield service company posted revenue of $1.36 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.33 billion.
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