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Halliburton (HAL) Incurs Narrower-than-Expected Q2 Loss
Houston, Texas-based Halliburton Company (HAL - Free 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 #3 (Hold) but that could change following its second-quarter 2016 results which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: The company reported loss per share from continuing operations − excluding special items − of 14 cents, narrower than the Zacks Consensus Estimate of loss of 19 cents.
Revenue: Revenues of $3,835 million has surpassed the Zacks Consensus Estimate of $3,744 million.
Key Stats: Operating loss from the Completion & Production segment was $32 million, against a profit of $313 million in the year-ago quarter. From the Drilling & Evaluation unit, Halliburton generated income of $154 million, decreased 61.5% from $400 million in the prior year comparable period.
Check back later for our full write up on this Halliburton earnings report later!
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