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0.00853485064011374 0.00995732574679947 -0.00426742532005693 -0.00568990042674254 -0.00711237553342814 0.00426742532005693 -0.0170697012802276 0.042674253200569
Stock impact report

Halliburton's stock falls, but pares loss after adjusted profit and revenue beat expectations [MarketWatch]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: MarketWatch
Shares of Halliburton Co. fell 4.4% in premarket trading, but pared earlier losses of as much as 7.7%, after the oil services company reported first-quarter results that beat expectations. The company swung to a net loss of $1.02 billion, or $1.16 a share, from net income of $152 million, or 17 cents a share, in the year-ago period, as the company recognized a $1.1 billion impairment and other charges to adjust its cost structure to current market conditions. Excluding non-recurring items, the company reported adjusted earnings per share of 31 cents, above the FactSet consensus of 25 cents. Revenue fell 12% to $5.04 billion, above the FactSet consensus of $5.01 billion. Completion and production revenue dropped 19% to $2.96 billion to miss the FactSet consensus of $3.01 billion, while drilling and evaluation revenue was flat at $2.08 billion to beat expectations of $2.01 billion. "Our industry is facing the dual shock of a massive drop in global oil demand coupled with a resulting ove Show less Read more
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