HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported first-quarter profit of $76 million.
The Houston-based company said it had net income of $1.03 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The oilfield service company posted revenue of $1.19 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.2 billion.
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