Investing.com - Weatherford reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Weatherford announced earnings per share of $-1.66 on revenue of $832M. Analysts polled by Investing.com anticipated EPS of $-1.2 on revenue of $763.2M.
Weatherford shares are up 10% from the beginning of the year, still down 26.78% from its 52 week high of $14.75 set on February 25. They are outperforming the Nasdaq which is up 5.39% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Exxon Mobil on April 30, who reported EPS of $0.65 on revenue of $59.15B, compared to forecasts EPS of $0.5989 on revenue of $56.38B.
Chevron had beat expectations on April 30 with first quarter EPS of $0.9 on revenue of $32.03B, compared to forecast for EPS of $0.8875 on revenue of $32.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar