Weatherford’s Transformation Beginning to Show Positive Results in First Quarter
Weatherford bounced back with force from its very weak prior-quarter results to post a slim positive adjusted operating margin of 0.3% in the first quarter. This marks the company’s first adjusted operating profit since 2015. This improvement came despite a 4% sequential revenue decline, and it stemmed chiefly from more favorable product mix as well as cost savings from the company’s ongoing transformation plan. Although it remains unchanged for now, we may bump up our fair value estimate soon a...
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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