Halliburton Earnings: Here’s Why Shares are Gushing Higher
…In the fourth quarter, revenue of $7.3 billion was up 3% sequentially and represents the highest quarterly revenue in company history. All three of our international regions and eight of our twelve product lines set new revenue records.”
Revenue increased 2.52% from $7.11 billion in the previous quarter. Net income increased 11.13% from $602 million in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.63 to a profit $0.59. For the current year, the average estimate has moved down from a profit of $3 to a profit of $2.97 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)