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Weatherford (WFRD) Lags Q3 Earnings Estimates

Weatherford (WFRD) came out with quarterly earnings of 1.12pershare,missingtheZacksConsensusEstimateof1.12 per share, missing the Zacks Consensus Estimate of 1.15 per share. This compares to earnings of 2.06pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof2.612.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.61%. A quarter ago, it was expected that this oilfield service company would post earnings of 0.97 per share when it actually produced earnings of $1.87, delivering a surprise of +92.78%.Over the last four quarters ...