Halliburton Posts Mixed Q3 Earnings, Cites Stable North American Business
Portfolio Pulse from Lekha Gupta
Halliburton Company (NYSE:HAL) reported Q3 FY23 revenue of $5.804 billion, missing the consensus of $5.855 billion. However, operating income and adjusted EPS beat expectations. The company also repurchased $198 million of common stock. Despite the mixed results, HAL shares are trading lower by 1.06% in premarket trading.
October 24, 2023 | 1:18 pm
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Halliburton's Q3 FY23 revenue missed expectations, but operating income and adjusted EPS exceeded estimates. The company also repurchased $198 million of its own stock. Despite these results, HAL shares are trading lower.
Halliburton's mixed Q3 results, with revenue missing expectations but operating income and adjusted EPS beating estimates, could lead to uncertainty among investors. This, combined with the fact that the company's shares are already trading lower, suggests a negative short-term impact on the stock.
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