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Halliburton (HAL) Q4 Earnings Beat Estimate, Misses Revenue

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Have you been eager to see how Halliburton CompanyHAL - the world's No. 2 oilfield-services company - performed in Q4 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 #1 (Strong Buy) but that could change following its fourth quarter 2016 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 61.20%.

Halliburton Co. Price and EPS Surprise

Halliburton Co. Price and EPS Surprise | Halliburton Co. Quote

Estimate Revision Trend: Investors should note that the earnings estimate revisions for Halliburton was unmoved prior to the earnings release. The Zacks Consensus Estimate remained the same over the last 7 days.

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

A Better-than-Expected Profit: Adjusted income per share from continuing operation (excluding special items) came in at 4 cents, above the Zacks Consensus Estimate of 2 cents. Continued and effective cost management led to the outperformance.

Revenue Came in Lower than Expected: Halliburton posted revenues of $4,021 million, narrowly missing the Zacks Consensus Estimate of $4,071.9 million. Moreover, revenues deteriorated 21% on a year-over-year basis.

Key Stats: Operating income from the Completion & Production segment was $85 million, falling sharply from the year-ago profit of $144 million. However, the division improved significantly from previous quarter's income of $24 million.

Halliburton's Drilling & Evaluation unit profit also dropped big time - from $399 million in the fourth quarter of 2015 to $248 million this year. However, the number was way above the $151 million earned in the Sep 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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