Weatherford (ticker: WFT) reported third quarter results today, showing a net loss of $199 million, or ($0.20) per share.

$1.44 billion in revenue, down from $1.45 billion in Q2
Net cash from operations of ($32 million)
EBITDA of $195 million, up 56% year-over-year
Increased segment operating income by 68% sequentially and by $123 million on a year-over-year basis.
Reached an agreement with lenders to extend the revolving credit facility.
Achieved annualized recurring transformation benefits of $300 million, which represents 30% of the total transformation target.
Signed a definitive agreement to divest the laboratory services business for $205 million in cash.
Continued to exceed goals for reducing nonproductive t...


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