BUZZ - Weatherford shares rise on optimistic revenue outlook and third-quarter profit growth

October 21 - ** Oilfield services provider Weatherford International (WFRD.O) shares rose 7.2% to $85.14

** The company on Tuesday forecast fourth-quarter revenue between $1.28 billion and $1.33 billion, higher than Wall Street’s expectation of $1.27 billion—data compiled by LSEG

** Weatherford expects 2026 revenue to be between $4.68 billion and $4.73 billion, while the market forecast is $4.67 billion

** Despite the Middle East conflict dampening expectations for a rapid recovery, the company expects significant growth in adjusted EBITDA for the fourth quarter

** The company’s third-quarter net profit was $120 million, or $1.66 per share, compared with $81 million, or $1.13 per share, a year earlier

** ** Including intraday fluctuations, the stock has risen 9% year-to-date

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