Friday, October 24, 2014

Update: Weatherford Reports Strong Q3 '14 Earnings, Yet Disappoints


 Summary

  • Weatherford reports Q3'14 earnings.
  • The stock is attractive based on solid results and lower stock price.
  • The strong financial results were expected, but the large drop in oil prices wasn't anticipated to impact the stock this dramatically.
 Despite reporting huge increases in all key metrics outside of revenue, Weatherford (NYSE:WFT) still managed to disappoint the stock market. The oilfield services firm has spent the last year divesting operations and focusing on margins over revenue growth helping dramatically improve margins and profits. The stock though is down on the Q3'14 earnings release after other major oilfield service firms rebounded on positive earnings news.

 Read full article at Seeking Alpha.

 Disclosure: No positions mentioned. Please rad the disclaimer page for more details.

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