Weatherford International Ltd (NYSE:WFT) sees better days ahead as it expects the second half to show higher revenue and profits in North America as well as improvements in Latin America. It’s not alone in that view as rival Halliburton Company (NYSE:HAL) expects to see the same improvements. Halliburton specifically pointed out that it expects to see second-half improvements in its Latin American business which, like Weatherford and Baker Hughes Incorporated (NYSE:BHI)’, was also affected by activity reductions in Mexico. Overall, the general consensus in the industry is that business will pick up in the second half of this year pretty much across the board. The key will be to see if Weatherford can deliver or its it will continue to be held back by its past.
Final Foolish thoughts
It wasn’t a bad quarter by Weatherford International Ltd (NYSE:WFT), as the company was able to meet expectations. While the business was negatively affected by a slowdown in Canada and Mexico, its other international operations picked up the slack. Overall, it appears like the company is slowly starting to turn and head in the right direction.
The article A Closer Look at Weatherford’s Choppy Quarter originally appeared on Fool.com.
Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Halliburton.
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