Weatherford International Ltd. reported a drop in profit for the third quarter, missing Street estimates. Earnings were $81 million, or $1.12 per share, compared to $157 million, or $2.06 per share, last year. Analysts had expected $1.19 per share. Revenue fell 12.6% to $1.232 billion from $1.409 billion. Weatherford International Ltd. GAAP earnings: $81 million vs. $157 million last year, EPS $1.12 vs. $2.06 last year, revenue $1.232 billion vs. $1.409 billion last year.

Read more at Nasdaq.: Weatherford International Ltd. Q3 Income Falls, Misses Estimates