Halliburton Earnings: Here’s Why Shares are Gushing Higher
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 5.10%.
Halliburton Company Earnings Cheat Sheet
Results: Net income decreased -26.16% to $669 million (67 cents per diluted share) in the quarter versus a net gain of $906 million in the year-earlier quarter.
Revenue: Rose 3.2% to $7.29 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Halliburton Company reported adjusted net income of 67 cents per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $7.06 billion.
Quoting Management: Dave Lesar, Chairman, President and CEO, “From a revenue perspective, we set new records this year in all of our regions and both of our divisions. From an operating income perspective, we achieved new records in our Latin America region and in five of our twelve product lines…