Weatherford Internaional Q2 Profit Tumbles 89% (WFT)
Posted on July 20, 2009 at 11:35 AM EDT
Oilfield and natural gas services company Weatherford International Ltd. (WFT) on Monday said that its second quarter profit fell 89% from last year, citing price and demand declines that have affected the entire oil and natural gas industries. The Swiss company reported a second quarter profit of $42 million, or 6 cents per share, down from [...]