New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 25, 2014
12:00 EDTWFTWeatherford rises 10.8%
Weatherford is up 10.8%, or $1.98, to $20.39
News For WFT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 29, 2015
06:59 EDTWFTContract cancellations could pressure offshore drillers, WSJ says
Subscribe for More Information
April 24, 2015
10:00 EDTWFTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:01 EDTWFTWeatherford downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded Weatherford to Neutral from Buy. The firm downgraded the stock on valuation. Target $15.
08:14 EDTWFTWeatherford shares should be bought on weakness, says Oppenheimer
Subscribe for More Information
06:56 EDTWFTWeatherford downgraded to Neutral from Buy at Sterne Agee
Subscribe for More Information
April 23, 2015
10:25 EDTWFTWeatherford trades up after results
Shares are up over 6% to $14.22 at time of writing. At that price next resistance is at $14.75, a recent pivot high. Support is at $13.80.
09:22 EDTWFTWeatherford says planning to build 'talent bench' during downturn
Subscribe for More Information
09:04 EDTWFTWeatherford expects to return to profitability for North America in 2H
08:59 EDTWFTWeatherford sees positive cash flow in Q2, FY15
Subscribe for More Information
April 22, 2015
19:00 EDTWFTWeatherford reports increased cost reduction initiatives
Weatherford's headcount at the end of Q1 dropped to 49K from 56K at the start of the year. The company's current 18% headcount reduction goal for the year will leave it with about 39K employees in its core businesses and 6K rig employees. The company has increased its 2015 reduction in force exercise to target 10K positions, in place of the previously announced 8K, with the bulk of the increase coming in North America. By the end of Q1, 6,449 terminations had been completed resulting in expected annualized savings of over $422M. The company expects to complete the entire revised program of 10K terminations by the end of Q2 generating expected annualized savings of $640M. The company had also planned to shut down seven manufacturing facilities during the year. Of these, two were closed in Q1 with four more planned for Q2 and the seventh being targeted for closure in Q3. Separately, the company plans to shut down and consolidate 60 operating facilities across North America by the end of the year. The procurement savings initiative is on track.
18:54 EDTWFTWeatherford reports Q1 non-GAAP EPS (4c), consensus 1c
Subscribe for More Information
15:30 EDTWFTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use