| Halliburton beats Street 2Q forecasts | |
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HOUSTON (AP) -- Halliburton Co. (HAL) on Monday reported second-quarter profit of $54 million.
On a per-share basis, the Houston-based company said it had net income of 6 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 44 cents per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The provider of drilling services to oil and gas operators posted revenue of $5.92 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $5.83 billion.
Halliburton shares have increased nearly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 3 percent. The stock has dropped 42 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAL at http://www.zacks.com/ap/HAL
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Keywords: Halliburton, Earnings Report
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Halliburton is a and oil producing company based in United states of america. Halliburton is listed in United States of America. Its market capitalisation is US$ 33.4 billions as of today (€ 31.2 billions). Its stock quote reached its lowest recent point on January 25, 2002 at US$ 10.06, and its highest recent level on April 26, 2024 at US$ 38.54. Halliburton has 867 249 984 shares outstanding. |