Weatherford International (NYSE: WFT) reported a smaller than expected loss for the fourth quarter of $1.54 per share compared with a loss of 61 cents per share last year and announced plans to eliminate 6,000 jobs. The stock price climbed $1.12 to close at $7.39.
Smaller than expected loss for Weatherford International
February 04, 2016 at 16:22 PM EST