Weatherford International PLC Ordinary Shares - New
WFRD: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #@ | LOCK|D!^ | LOCK|C&%Pyl |
Weatherford Earnings: Cautious Guidance Helps Stock; Some Positives in Tough Operating Environment
Weatherford’s second-quarter revenue rose just over 1% sequentially to $1.2 billion, marginally above our expectations. By contrast, adjusted EBITDA margin declined by 11 basis points sequentially to 21.4%, but also beat our estimates. Shares rose by nearly 5% on the trading day.
