Halliburton's Strong International Performance Lifts Q1 Revenue Amid North American Challenges
Portfolio Pulse from Akanksha Bakshi
Halliburton Company (NYSE:HAL) reported a 2.2% increase in Q1 2024 revenue to $5.804 billion, surpassing expectations. Despite a decline in North American revenue, strong international performance and stock repurchases contributed to the growth. Adjusted EPS was $0.76, beating consensus. The company anticipates low double-digit revenue growth for 2024.
April 23, 2024 | 1:55 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Halliburton's Q1 2024 earnings surpassed expectations with a 2.2% revenue increase and an adjusted EPS of $0.76, indicating strong international performance and effective stock repurchase strategy.
Halliburton's better-than-expected Q1 2024 performance, highlighted by revenue growth and a higher adjusted EPS, reflects strong international operations and strategic stock repurchases. These factors, combined with the company's positive outlook for 2024, suggest a potential short-term positive impact on its stock price, despite a slight current dip.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100