Halliburton: 1Q Earnings Snapshot

MarketsAssociated Press

Halliburton Co. on Monday reported first quarter earnings of $152 million.

On a per-share basis, the Houston-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, were 23 cents per share.

Continue Reading Below

The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.

The provider of drilling services to oil and gas operators posted revenue of $5.74 billion in the period, exceeding Street forecasts. Ten analysts surveyed by Zacks expected $5.54 billion.

Halliburton shares have risen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. The stock has fallen 40 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on HAL at https://www.zacks.com/ap/HAL