HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Wednesday reported fourth-quarter profit of $112 million.
The Houston-based company said it had net income 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 $1.34 per share.
The oilfield service company posted revenue of $1.34 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.36 billion.
For the year, the company reported profit of $506 million, or $6.75 per share. Revenue was reported as $5.51 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFRD at https://www.zacks.com/ap/WFRD
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.