TTI - Halliburton Q2 Earnings Match Estimates | Benzinga
Halliburton (NYSE: HAL) came out with quarterly earnings of $0.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.74 per share when it actually produced earnings of $0.76, delivering a surprise of 2.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Halliburton, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $5.83 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.98%. This compares to year-ago revenues of $5.8 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Halliburton shares have added about 0.8% ...