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Weatherford International Q3 Profit Rises

Oilfield services provider Weatherford International Ltd. (WFT) Wednesday reported third-quarter net income of $77 million or $0.10 per share, up from $22 million or $0.03 per share last year.

Adjusted earnings for the quarter were $0.32 per share, up from $0.23 per share last year.

Total revenues for the quarter rose to $3.88 billion from $3.82 billion last year.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.33 on revenues of $4.00 billion. Analysts' estimates typically exclude special items.

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