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BUZZ - Weatherford shares rise on optimistic revenue outlook and third-quarter profit growth

BUZZ - Weatherford shares rise on optimistic revenue outlook and third-quarter profit growth

路透社路透社2026/10/21 14:41
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- ** Oilfield services provider Weatherford International (WFRD.O) shares rose 7.2% to $85.14

** The company on Tuesday forecast fourth-quarter revenue between $1.28 billion and $1.33 billion, higher than Wall Street’s expectation of $1.27 billion—data compiled by LSEG

** Weatherford expects 2026 revenue to be between $4.68 billion and $4.73 billion, while the market forecast is $4.67 billion

** Despite the Middle East conflict dampening expectations for a rapid recovery, the company expects significant growth in adjusted EBITDA for the fourth quarter

** The company’s third-quarter net profit was $120 million, or $1.66 per share, compared with $81 million, or $1.13 per share, a year earlier

** ** Including intraday fluctuations, the stock has risen 9% year-to-date


(To assist non-native English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of the automated translation. It is provided solely for the convenience of readers. Reuters assumes no responsibility for any damages or losses arising from the use of the automated translation feature.)

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