Halliburton Q4 EPS Adj. $0.86 Beats $0.80 Estimate, Sales $5.74B Miss $5.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Halliburton (NYSE:HAL) reported Q4 adjusted EPS of $0.86, surpassing the consensus estimate of $0.80 by 7.5% and marking a 19.44% increase from the previous year's $0.72. However, their quarterly sales of $5.74B fell short of the expected $5.78B by 0.71%, though it was a 2.81% increase from the prior year's $5.58B.
January 23, 2024 | 11:46 am
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NEUTRAL IMPACT
Halliburton reported higher-than-expected Q4 EPS at $0.86, but missed on revenue with $5.74B against estimates of $5.78B. The EPS beat may positively impact the stock, while the sales miss could temper gains.
The EPS beat suggests operational efficiency and profitability, which investors generally view positively. However, the slight miss in revenue indicates potential challenges in sales growth or market conditions that could concern investors. The mixed results may lead to a neutral short-term impact as the market digests both the positive and negative aspects of the report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100