Weatherford rises after upbeat revenue forecast, higher Q3 profit

Weatherford International

Wed 15:32

** Shares of oilfield services provider Weatherford International WFRD.O rise 7.2% to $85.14
** Co on Tuesday forecast Q4 revenue of $1.28 billion to $1.33 billion, above Wall Street expectations of $1.27 billion - data compiled by LSEG
** In 2026, WFRD expects revenue of $4.68 billion to $4.73 billion, vs estimates of $4.67 billion
** Co expects a meaningful ramp in adjusted EBITDA in Q4, despite conflict in the Middle East dampening expectations of a quick recovery
** Co posts Q3 profit of $120 million, or $1.66 per share, compared with $81 million, or $1.13 per share, a year earlier
** ** Including session's moves, stock up 9% YTD

(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))