Halliburton Earnings: Here’s Why Investors are Happy Now
Halliburton Company (NYSE:HAL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.87%.
Halliburton Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.72% to $0.67 in the quarter versus EPS of $0.89 in the year-earlier quarter.
Revenue: Rose 1.54% to $6.97 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Halliburton Company reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $6.88 billion.
Quoting Management: “I am pleased with our operational results, as total company revenue of $7.0 billion represents a record Halliburton first quarter,” commented Dave Lesar, chairman, president and chief executive officer. “The rig count decline and pricing headwinds in North America were more than offset by our expanding international business.”
Key Stats (on next page)…