Investing.com - Weatherford reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Weatherford announced earnings per share of $-0.59 on revenue of $938M. Analysts polled by Investing.com anticipated EPS of $-0.49 on revenue of $952M.
Weatherford shares are up 19% from the beginning of the year, still down 17.23% from its 52 week high of $40.16 set on April 18. They are outperforming the Nasdaq which is down 20.17% from the start of the year.
Weatherford follows other major Energy sector earnings this month
Weatherford's report follows an earnings beat by Schlumberger on April 22, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Valero Energy had beat expectations on Tuesday with first quarter EPS of $2.31 on revenue of $38.54B, compared to forecast for EPS of $1.67 on revenue of $30.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar