Weatherford Reports 2Q Results With Improving Profitability; Maintaining FVE
Weatherford reported second-quarter results marginally below our expectations. With spring breakup in Canada, and mute Gulf of Mexico performance weighing on North American revenue growth, the company’s top line failed to meet expectations. Despite a decline in revenue, Weatherford was able to post improved operating income at 26% sequentially and 41% year over year. Pricing improvements from the well construction, reservoir solutions, and artificial lift product lines started to take effect in ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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