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Halliburton (HAL) Beats on Q3 Earnings, Misses Revenues

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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 third-quarter 2015 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 31 cents, beating the Zacks Consensus Estimate of 27 cents.

Revenue: Revenues of $5,582 million failed to surpass the Zacks Consensus Estimate of $5,671 million.

Key Stats: Operating income from the Completion & Production segment was $163 million, fell significantly from $1,071 million in the year-ago quarter. From the Drilling & Evaluation unit, Halliburton generated income of $401 million, decreased 11% from $451 million in the prior year comparable period.

Check back later for our full write up on this Halliburton earnings 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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