Halliburton (NYSE:HAL) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Halliburton announced earnings per share of $0.31 on revenue of $5.04B. Analysts polled by anticipated EPS of $0.25 on revenue of $5.02B. That with comparison to EPS of $0.23 on revenue of $5.74B in the same period a year before. Halliburton had reported EPS of $0.32 on revenue of $5.19B in the previous quarter. Analysts are expecting EPS of $0.03 and revenue of $4.22B in the upcoming quarter.
Halliburton shares are down 69.02% from the beginning of the year , still down 76.38% from its 52 week high of $32.09 set on April 22, 2019. They are under-performing the S&P 500 which is down 11.41% year to date.
Halliburton follows other major Energy sector earnings this month
Halliburton's report follows an earnings matched by Schlumberger on Friday, who reported EPS of $0.25 on revenue of $7.46B, compared to forecasts EPS of $0.25 on revenue of $7.53B.
Tatneft ADR had missed expectations on March 31 with first quarter EPS of $2.5 on revenue of $3.08B, compared to forecast for EPS of $3.34 on revenue of $4.26B.
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