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Halliburton's Mixed Earnings Revealed

TheMotleyFool

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Halliburton (NYSE:HAL), a prominent oilfield services company, released its earnings for the first quarter on April 22. The results reflect a mixed performance with revenue exceeding expectations by approximately $144 million to reach $5.4 billion (GAAP), beating the consensus estimate of $5.273 billion.

However, the earnings per share (EPS) of $0.60 (Non-GAAP), while on par with predictions, represented a decrease from $0.76 in the same quarter last year. Despite the revenue beat, the company's quarterly performance highlighted a contraction in profit margins, indicating both challenges and opportunities ahead.

Source: Analyst estimates for the quarter provided by FactSet.

Source Fool.com