Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Analysts are growing impatient with Weatherford's (WFT) continuing income tax accounting...

  • Wednesday, July 25, 2012, 4:48 PM ET
    Analysts are growing impatient with Weatherford's (WFT) continuing income tax accounting problems; shares finished -8.8% and ranked among the energy sector's biggest losers. After identifying “additional errors” in reviewing Q1 and Q2 results, WFT won’t issue restated financial statements for 2011 and Q1 2012 or file statements for Q2 until a further review is completed.
Track new comments on this story

This news story has 1 comment:

  •  
    Without further knowledge, it appears the WFT BOD's replacement of the CFO who lead them into this accounting nightmare is not improving their situation. Given some of the best growth numbers in years this continuing accounting problem clearly shows the top portion of WFT needs more pruning.
    25 Jul 2012, 08:44 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »