Wall Street does things sometimes that really make your head hurt, and sending shares of Weatherford International (NYSE:WFT) soaring after this recent quarterly earnings was one of them. Somehow lower revenues, lower operating margins, and a turn to the loss column were better than expectations and sent the company's shares up over 11%.
Weatherford is getting some love because analysts are not looking at the current company but the conceptual one Weatherford is planning to become by the end of this year, with major asset sales and by letting several employees go. This looks much better than the current version of Weatherford and would even post better margins than its competitors Baker Hughes (NYSE:BHI) and Halliburton (NYSE:HAL). In the video below, find out what this underlying company is all about and what it will take to get there.
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