Reports Q3 revenue $1.23B, consensus $1.18B. Girish Saligram, president and CEO, commented, “In a quarter defined by continued industry headwinds, I am proud of the One Weatherford (WFRD) team for delivering across the board. Our swift and decisive actions in the first half of the year provided momentum to make noticeable improvements in the third quarter with a ramp up of margins and commercial wins. The financial performance, which exceeded our guidance range, was a direct result of the rigor and effectiveness of our operating paradigm.”
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