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Halliburton (HAL) Beats on Q1 Earnings & Revenues

Houston, Texas-based Halliburton CompanyHAL is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors.

Currently, Halliburton has a Zacks Rank #5 (Strong Sell) but that could change following its delayed first-quarter 2016 results which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: The company reported earnings per share from continuing operations − excluding special items − of 7 cents, beating the Zacks Consensus Estimate of 4 cents.

Revenue: Revenues of $4,198 million marginally beat the Zacks Consensus Estimate of $4,180 million.

Key Stats: Operating income from the Completion & Production segment was $30 million, fell significantly from $462 million in the year-ago quarter. From the Drilling & Evaluation unit, Halliburton generated income of $241 million, decreased 21.2% from $306 million in the prior year comparable period.

Check back later for our full write up on this Halliburtonearnings report later!

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HALLIBURTON CO (HAL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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