HOUSTON (AP) — HOUSTON (AP) — Weatherford International Inc. (WFRD) on Tuesday reported third-quarter profit of $123 million.
On a per-share basis, the Houston-based company said it had net income of $1.66.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The oilfield service company posted revenue of $1.31 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.29 billion.
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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
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