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How WFT Stock Reacted to Second-Quarter Earnings

Alex Chamberlin
How WFT Stock Reacted to Second-Quarter Earnings

Weatherford International (WFT) released its financial results for Q2 2018 on July 27 before market hours. On that day, WFT’s stock price reacted positively, rising 1.5% to $3.48 from the previous day’s close. This rise outperformed the 1.3% rise in the WTI crude oil (USO) price on July 27 over the previous day’s close. Better-than-expected earnings could have boosted WFT’s stock price on July 27.