October 29, 2018 / 11:08 AM / 23 days ago

Weatherford posts smaller quarterly loss

Oct 29 (Reuters) - U.S. oilfield services provider Weatherford International reported a smaller third-quarter loss on Monday, helped by higher margins and more projects in Argentina and Mexico.

Net loss attributable to Weatherford came in at $199 million, or 20 cents per share, in the three months ended Sept. 30, from $256 million or 26 cents per share a year earlier.

Revenue fell slightly to $1.44 billion from $1.46 billion. (Reporting by Nivedita Bhattacharjee; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below