Weatherford International Ltd. expected to Report Fiscal Year 2009 Results on January 26, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

Weatherford International Ltd., Q4 2009 Earnings Call, Jan 26 2010

Weatherford International Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income and income from continuing operations, net of taxes of $82,960,000 or $0.11 per diluted share and net income attributable to the company of $77,374,000 or $0.11 per diluted share on net revenues of $2,149,879,000 compared net income and income from continuing operations, net of taxes of $382,986,000 or $0.53 per diluted share and net income attributable to the company of $370,600,000 or $0.53 per diluted share on net revenues of $2,540,796,000 for the same period a year ago. The company reported operating income of $149,922,000 and income from continuing operations before income taxes of $48,591,000 compared to operating income of $534,740,000 and income from continuing operations before income taxes of $465,976,000 for the same period a year ago. The company reported net income and income from continuing operations, net of taxes attributable to common shareholders of $77,374,000 compared to net income and income from continuing operations, net of taxes attributable to common shareholders of $370,600,000 for the same period a year ago. On a non-GAAP basis, the company reported operating income of $167,809,000 and income from continuing operations of $92,658,000 or $0.13 per diluted share compared to operating income of $548,467,000 and income from continuing operations of $384,327,000 or $0.55 per diluted share for the same period a year ago. Results for the third quarter include a tax benefit of approximately $0.05 resulting from the lowering of the company's estimate of its effective tax rate, as well as a negative $0.02 impact from higher losses on foreign currency remeasurement and the settlement of a legal dispute. For the nine months, the company reported net income and income from continuing operations, net of taxes of $307,175,000 or $0.40 per diluted share and net income attributable to the company of $284,157,000 or $0.40 per diluted share on net revenues of $6,400,852,000 compared net income of $1,031,031,000 and income from continuing operations, net of taxes of $1,043,959,000 or $1.46 per diluted share and net income attributable to the company of $1,005,785,000 or $1.44 per diluted share on net revenues of $6,965,938,000 for the same period a year ago. The company reported operating income of $614,012,000 and income from continuing operations before income taxes of $310,710,000 compared to operating income of $1,447,198,000 and income from continuing operations before income taxes of $1,258,449,000 for the same period a year ago. The company reported net income and income from continuing operations, net of taxes attributable to common shareholders of $284,157,000 compared to net income of $1,005,785,000 and income from continuing operations, net of taxes attributable to common shareholders of $1,018,713,000 for the same period a year ago. On a non-GAAP basis, the company reported operating income of $687,681,000 and income from continuing operations of $348,494,000 or $0.49 per diluted share compared to operating income of $1,470,802,000 and income from continuing operations of $1,035,011,000 or $1.48 per diluted share for the same period a year ago.