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Halliburton (HAL) Beats on Q1 Earnings & Revenues

Houston, Texas-based Halliburton Company HAL 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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