Halliburton Q3 Adj. EPS $0.79 Beats $0.77 Estimate, Sales $5.80B Miss $5.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Halliburton (NYSE:HAL) reported Q3 earnings of $0.79 per share, beating the analyst consensus estimate of $0.77 by 2.6%. However, the company's quarterly sales of $5.80 billion missed the estimate of $5.86 billion by 0.96%. The earnings represent a 31.67% increase from the same period last year, while the sales show an 8.34% increase.
October 24, 2023 | 10:47 am
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NEUTRAL IMPACT
Halliburton's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Halliburton's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100