UBS Raises Price Target on Halliburton (HAL) to $50 Following 1Q Earnings

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Go back to UBS Raises Price Target on Halliburton (HAL) to $50 Following 1Q Earnings

Halliburton Announces First Quarter Income from Continuing Operations of $0.07 Per Diluted Share, Excluding Special Items

May 3, 2016 6:50 AM EDT

Reported loss from continuing operations of $2.81 per diluted share

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) announced today that income from continuing operations for the first quarter of 2016 was $64 million, or $0.07 per diluted share, excluding special items. This compares to income from continuing operations for the fourth quarter of 2015 of $270 million, or $0.31 per diluted share, excluding special items. Adjusted operating income was $225 million in the first quarter of 2016, compared to adjusted operating income of $473 million in the fourth quarter of 2015. Halliburton's total revenue in the first quarter of 2016 was $4.2 billion,... More