Halliburton (HAL) tops Q1 EPS by 7c, expects further decline in revenue and profitability in 2020

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Go back to Halliburton (HAL) tops Q1 EPS by 7c, expects further decline in revenue and profitability in 2020

Halliburton Announces First Quarter 2020 Results

April 20, 2020 6:45 AM EDT

Reported net loss of $1.16 per diluted share Adjusted net income of $0.31 per diluted share, excluding special items

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) announced today a net loss of $1.0 billion, or $1.16 per diluted share, for the first quarter of 2020. This compares to net income for the first quarter of 2019 of $152 million, or $0.17 per diluted share. Adjusted net income for the first quarter of 2020, excluding impairments and other charges and a loss on the early extinguishment of debt, was $270 million, or $0.31 per diluted share. This compares... More