Weatherford International Q2 Loss Narrows - Quick Facts

(RTTNews) - Weatherford International Ltd. (WFT) reported a second-quarter net loss attributable to company of $118 million or $0.15 per share, compared to a loss of $849 million or $1.11 per share, prior year. Non-GAAP net income was $116 million or $0.15 per share for the quarter. On average, 32 analysts polled by Thomson Reuters expected the company to report profit per share of $0.15. Analysts' estimates typically exclude special items.

Net revenue rose to $3.87 billion, from $3.75 billion last year. Analysts expected revenue of $3.88 billion for the quarter.