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%.

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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)…

Revenue decreased 4.33% from $7.29 billion in the previous quarter. EPS increased 6.35% from $0.63 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.69 to a profit $0.70. For the current year, the average estimate has moved up from a profit of $2.97 to a profit of $3.00 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)