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What: Shares of Weatherford Intl.
So what: The company reported net income of $110.1 million, or $0.15 per share, up from a loss of $0.06 per share a year ago. Adjusted earnings per share were $0.17 per share, which topped estimates by $0.02.
Now what: Management is now expecting 25% revenue growth for the full year and margins to improve across the company. The company’s forward P/E ratio is reasonably priced at 15, considering the company's growth curve. I think shares have farther to run with the company’s improved pricing conditions and improving margins.
Interested in more info on Weatherford Intl.? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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