Weatherford International's Q3 Earnings: Less Growth, More Restructuring

Weatherford International's Q3 Earnings: Less Growth, More Restructuring

I understand if Weatherford International (NYSE: WFT) investors said to themselves "this is the quarter where things turn around." After all, both Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL) both posted better-than-expected results thanks to the strength of their North American operations. Weatherford has a sizable presence in North America and the spring break-up period was over in Canada, so why not Weatherford as well?

Unfortunately, Weatherford served up the same thing it has for the past several quarters -- tepid revenue growth and more restructuring programs to get the company back on track -- if it was ever on track in the first place. Here's a look at Weatherford's most recent results and what management has planned to put the company on a path to profitability this time. 

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Source: Fool.com