Key Developments: Weatherford International Ltd (WFT)
14.20USD
23 May 2013
$0.00 (+0.00%)
$14.20
$13.97
$14.22
$13.74
8,420,328
9,391,291
$14.65
$8.84
Latest Key Developments (Source: Significant Developments)
Weatherford International Ltd Issues Q2 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Weatherford International Ltd announced that for second quarter of 2013, it expects earnings per share (EPS) to be in the range of $0.16-$0.18. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.20 for second quarter of 2013. Full Article
Weatherford International Ltd Announces Change Of Auditors
Weatherford International Ltd announced that the audit committee of its Board of Directors approved the engagement of KPMG LLP as its independent registered public accounting firm for the year ending December 31, 2013. The committee determined that as a matter of good corporate governance, it is appropriate at this time to rotate to a different firm to serve as the Company's auditors. This appointment is subject to ratification by Weatherford's shareholders at the 2013 Annual General Meeting. At that meeting, the Company also expects to propose the election by the Company's shareholders of KPMG AG as its Swiss statutory auditor for the year ending December 31, 2013. Full Article
Weatherford International Ltd Issues Q1 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Weatherford International Ltd announced that for first quarter of 2013, it expects earnings per share (EPS) to be in the range of $0.16-$0.18. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.20 for first quarter of 2013. Full Article
Weatherford International Ltd Publishes Amended Form 10-K
Weatherford International Ltd informed its shareholders that it has published its Amended Annual Report on Form 10-K/A for the year ended December 31, 2011 to its website (www.weatherford.com). The document may be accessed under the Investor Relations menu at the heading Restated Financial Statements. Weatherford plans to file this document with the U.S. Securities and Exchange Commission (SEC) shortly after the SEC filing system opens at 12:00 Swiss time (6:00 Washington, D.C. time) on December 17. After the document is filed with the SEC, the filing will be available on the website under the Investor Relations menu at the heading SEC Filings, where other historical SEC filings are normally found. Weatherford anticipates filing its Amended Form 10-Q for the first quarter of 2012 and Forms 10-Q for the second and third quarter of 2012 soon. Full Article
Six Swiss Exchange Grants Weatherford International Ltd. Extension For Interim Report
Weatherford International Ltd announced that the SIX Swiss Exchange Ltd. has granted Weatherford's request to a limited extension of the due date for publishing its half-year interim report for the first half of 2012 until December 17, 2012. As previously announced, Weatherford expects to file an amended Form 10-K for 2011 and an amended Form 10-Q for the first quarter of 2012 to reflect adjustments to prior periods resulting from the Company's thorough review of its historical accounting for income taxes. The Company also expects to file Forms 10-Q for the second and third quarters of 2012 reflecting these adjustments. The second quarter 10-Q constitutes the interim report required by the SIX. The Company noted in its November 12 earnings release that it had identified cumulative income tax accounting errors totaling approximately $150 million related to prior periods. The Company's work to date confirms this number. Weatherford intends to file these reports as soon as each is complete and its independent auditors have finalized their audit and review procedures. Weatherford expects all of these reports to be filed within the extended due date. Full Article
Weatherford International Ltd Issues Q4 2012 EPS Guidance Below Analysts' Estimates-Conference Call
Weatherford International, Ltd. announced that for the fourth quarter of 2012, it expects earnings per share (EPS) of $0.20. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.27 for the fourth quarter of 2012. Full Article
Weatherford International Ltd Granted Extended Due Date for Publishing Interim Report
Weatherford International Ltd announced that the SIX Swiss Exchange Ltd. has granted Weatherford's request to extend the due date for publishing its interim report for the first half of fiscal year 2012 from September 30, 2012 until November 30, 2012. Weatherford formally requested an extension of the September 30, 2012 deadline for filing the Interim Report to give the Company time to complete the announced additional tax accounting procedures, complete the restatement of prior period results and publish its second quarter of the fiscal year 2012 financial results. Full Article
Weatherford International, Ltd. Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates
Weatherford International, Ltd. announced that for the third quarter of 2012, it expects earnings per share (EPS) of $0.30 to $0.33. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.31 for the third quarter of 2012. Full Article
Weatherford International, Ltd. Issues Q2 2012 EPS Guidance Below Analysts' Estimates
Weatherford International Ltd. announced that for the second quarter of 2012, it expects diluted earnings per share (EPS) before excluded items of approximately $0.24 to $0.26. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.27 for the second quarter of 2012. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Weatherford International, Ltd.
Law office of Brodsky & Smith, LLC announced that it is investigating potential violations of the Securities Exchange Act of 1934 by Weatherford International, Ltd. ("Weatherford" or the "Company"). A class action lawsuit commenced in the United States District Court for the Southern District of New York alleges that during the Class Period the Company did not properly restate its financial statements from 2007 to 2010; had not adequately remediated a material weakness in its internal controls over financial reporting of income taxes from 2007 to 2010; and failed to properly record and/or report a $225 million in adjustments for financial statements from 2007 to 2010. According to the complaint, the Company announced that it was going to adjust its previously reported financial results for the years 2010 and prior by approximately $225 million to $250 million in connection with its previous correction of errors identified in the Company's accounting from income taxes. As a result, the value of Weatherford shares declined significantly. Full Article
Weatherford shares buoyed by talk of improvement
HOUSTON - Shares of oilfield services firm Weatherford International Ltd soared more than 8 percent on Friday, lifted by an improving outlook.
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