Halliburton (HAL) Q3 Earnings, Revenue Beat Estimate

Have you been eager to see how Halliburton CompanyHAL - the world's No. 2 oilfield-services company - performed in Q3 in comparison with the market expectations? Let's quickly scan through the key facts from this Houston, TX-based company's earnings release this morning:

About Halliburton: Halliburton 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. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.

Zacks Rank & Surprise History: Currently, Halliburton has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Coming to earnings surprise history, the company has an excellent track record: its beaten estimates in each of the last four quarters at an average rate of 67.17%.

Halliburton Company Price and EPS Surprise

Halliburton Company Price and EPS Surprise | Halliburton Company Quote

We have highlighted some of the key details from the just-released announcement below:

A Better-than-Expected Profit: Income per share from continuing operation came in at 42 cents, higher than the Zacks Consensus Estimate of 38 cents. Improved activity and pricing in North America led to the outperformance.

Revenue Came in Higher than Expected: Halliburton posted revenues of $5,444 million, beating the Zacks Consensus Estimate of $5,319.0 million.

Key Stats: Operating income from the Completion & Production segment was $525 million, significantly higher than the year-ago level of $24 million. The division also improved from previous quarter's income of $397 million.

Halliburton's Drilling & Evaluation unit profit improved from $151 million in the third quarter of 2016 to $180 million this year. The number was also above the $125 million earned in the June quarter.

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

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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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