Halliburton Q2 2024 GAAP EPS $0.80, Inline, Sales $5.833B Miss $5.949B Estimate
Portfolio Pulse from Benzinga Newsdesk
Halliburton (NYSE:HAL) reported Q2 2024 earnings per share (EPS) of $0.80, meeting analyst expectations. However, the company's sales of $5.833 billion missed the consensus estimate of $5.949 billion by 1.95%. This represents a 0.60% increase from the same period last year.
July 19, 2024 | 10:47 am
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NEGATIVE IMPACT
Halliburton's Q2 2024 earnings per share met expectations at $0.80, but sales missed estimates by 1.95%, coming in at $5.833 billion. This slight miss in sales could lead to a short-term negative impact on the stock price, despite the year-over-year sales increase of 0.60%.
The earnings per share meeting expectations is a neutral factor, but the sales miss by 1.95% is likely to be viewed negatively by investors. The slight year-over-year sales increase is not enough to offset the disappointment from missing sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100