Halliburton Beats On Q3 Earnings, Misses Revenues

Houston, Texas-based Halliburton Company (HAL – Analyst Report) is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors.

Currently, Halliburton has a Zacks Rank #5 (Strong Sell) but that could change following its third-quarter 2015 results which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: The company reported earnings per share from continuing operations ? excluding special items ? of 31 cents, beating the Zacks Consensus Estimate of 27 cents.  

Revenue: Revenues of $5,582 million failed to surpass the Zacks Consensus Estimate of $5,671 million.

Key Stats: Operating income from the Completion & Production segment was $163 million, fell significantly from $1,071 million in the year-ago quarter. From the Drilling & Evaluation unit, Halliburton generated income of $401 million, decreased 11% from $451 million in the prior year comparable period.