Weatherford (WFT) reports prelim Q4 pre-tax income of $254M, or $352M after excluding pre-tax...

|About: Weatherford Internationa... (WFT)|By:, SA News Editor

Weatherford (WFT) reports prelim Q4 pre-tax income of $254M, or $352M after excluding pre-tax losses of $98M. Revenue of $3.71B. The board's audit committee concludes "investors should no longer rely upon our previously issued financial statements." Restated financial statements going back to at least 2008 will be filed in light of errors related to the reporting of income tax provisions. (PR)