Weatherford International (WFT -2.8%) slips after reporting a better-than-expected Q4, with...


Weatherford International (WFT -2.8%) slips after reporting a better-than-expected Q4, with total sales topping consensus estimates. Despite that, net losses widened as the oilfield-services company posted $122M in special charges related to its South American operations, which offset record revenue for the period. The company also gave a tepid view for FY13, maintaining a neutral outlook for its North American business and expecting only modest revenue and operating income growth.

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Comments (1)
  • jack20
    , contributor
    Comments (450) | Send Message
     
    This one is ripe for Icahn or Einhorn. You shouldn't be able to run a company this bad and get away with it at a time the oil service business is booming!!!
    27 Feb 2013, 10:31 AM Reply Like
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