{"id":20319,"date":"2014-04-25T09:30:41","date_gmt":"2014-04-25T13:30:41","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20319"},"modified":"2014-04-25T09:30:41","modified_gmt":"2014-04-25T13:30:41","slug":"weatherford-international-ltd-nysewft-need-to-re-strategize","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/weatherford-international-ltd-nysewft-need-to-re-strategize-20319","title":{"rendered":"Weatherford International Ltd (NYSE:WFT): Need To Re-Strategize"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/25\/2014 (wallstreetpr) &#8211;\u00a0One of the biggest providers of services and equipment used in the production, drilling and allied process across the world <b>Weatherford International Ltd (NYSE:WFT)<\/b> is grappling with losses. Recently Weatherford announced its 1Q2014 results, which turned out to be below expectations leaving the company to critically re-think about its upcoming strategies to gear up for coming years<b>.<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Results of 1Q2014<\/b><\/p>\n<p style=\"text-align: justify;\">Weatherford International Ltd (NYSE:WFT) announced its 1Q2014 results, which came as a mixed bag for the company and its investors. The company experimented with a series of changes and plans before the release of the results. From the improvement of operating income margins by 115 basis points to a reduction of the cost base of the core business leading to completion of 56% of planned reduction till now. The quarter also saw shutting down of almost 20 underperforming operating units and entry into deals related to selling of pipeline and specialty service for a net consideration of $250 million.<\/p>\n<p style=\"text-align: justify;\">The results registered the revenue as $3.60 billion and net loss as $41 million and loss per diluted share as $0.05. The company was taxed approximately $140 million which included tax related to severance &amp; exit costs, professional fee, legacy cost, etc. Net income on a non-GAAP basis equaled to $99 million. The company presented its outlook and strategies for future to enjoy an upward lift in the coming quarters.<\/p>\n<p style=\"text-align: justify;\">Weatherford International Ltd (NYSE:WFT) is all set to focus on the organization of its core businesses and striving to ensure efficiency in the cost bases. It is also planning to divest its non-core businesses and reduction of net debt. Weatherford in the coming financial year is expecting growth in overall margins and core businesses. The company is re-strategizing for better results.<\/p>\n<p style=\"text-align: justify;\"><b>Conference Call (1Q2014)<\/b><\/p>\n<p style=\"text-align: justify;\">Weatherford International Ltd (NYSE:WFT) International Earnings Conference call is scheduled to take place today at 8:30 am Eastern to discuss the recently announced results in details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/25\/2014 (wallstreetpr) &#8211;\u00a0One of the biggest providers of services and equipment used in the production, drilling and allied process across the world Weatherford [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[4422,4421],"stock_ticker":[],"class_list":["post-20319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysewft","tag-weatherford-international-ltd-nysewft","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weatherford International Ltd (NYSE:WFT): Need To Re-Strategize - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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