Halliburton Announces Second Quarter Income from Continuing Operations of $0.44 Per Diluted Share, Excluding Special Items
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UBS Remains Bullish on Halliburton (HAL) Following 2Q15 Results
July 21, 2015 9:41 AM EDTUBS reiterated a Buy rating and $60.00 price target on Halliburton (NYSE: HAL) following 2Q15 results. Analyst Angie Sedita is encouraged by the level of interest in the HAL assets up for sale, but believes that current pricing conditions are unsustainable, with smaller players at unprofitable levels.
Sedita commented, "We are raising our... More
Halliburton (HAL) sees Q3 margin compression - Bloomberg
July 20, 2015 9:12 AM EDTHalliburton (NYSE: HAL) sees Q3 margin compression, according to Bloomberg headlines. Sees Q3 eastern hemisphere margins in upper teens.
... MoreHalliburton (HAL) Tops Q2 EPS by 15c
July 20, 2015 7:02 AM EDTHalliburton (NYSE: HAL) reported Q2 EPS of $0.44, $0.15 better than the analyst estimate of $0.29. Revenue for the quarter came in at $5.92 billion versus the consensus estimate of $5.78 billion.
We are pleased with our second quarter results, considering the headwinds facing the industry, said Jeff Miller, President.
Total company revenue of $5.9 billion declined 16% sequentially, outperforming a 26% drop in the worldwide rig count. Operating income declined as a result of lower activity levels for all product lines, exacerbated by pricing declines, primarily in North America.
In the Eastern Hemisphere, revenues declined modestly compared to... More
