Weatherford reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-1.73 on revenue of $1.22B. Analysts polled by anticipated EPS of $-1 on revenue of $1.15B. That with comparison to EPS of $-0.14 on revenue of $1.35B in the same period a year before. Weatherford had reported EPS of $-0.85 on revenue of $1.25B in the previous quarter. Analysts are expecting EPS of $-0.85 and revenue of $1.03B in the upcoming quarter.
Weatherford shares are up 27% from the beginning of the year , still down 85.17% from its 52 week high of $35.00 set on January 15. They are outperforming the EUR/USD which is down 0% year to date.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Exxon Mobil on May 1, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on May 1 with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
