- Halliburton (HAL) +0.7% premarket after beating estimates for Q1 earnings and revenues, and forecasting Q2 EPS to grow 25% in Q2 to ~$0.91.
- Unadjusted earnings were $0.73/share vs. a loss of $0.02 in the year-ago period that was weighed down by a charge related to litigation stemming from the 2010 Deepwater Horizon disaster.
- North America revenue rose 5% and operating income was flat Y/Y, weighed by lower pressure pumping pricing, higher logistics costs and weather-related issues; HAL expects North America margins to approach 20% before the end of the year.
- Latin America revenue and operating income fell by 9% and 8%, respectively, mostly on a drop in drilling-related activity in Brazil and reduced activity in Mexico; HAL expects full-year Latin America revenue and operating income to be in line with 2013 levels.
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From other sites
Oil & Gas Stock Roundup: Chesapeake Reduces Capex Budget, Halliburton Plans $10B Asset Sales - Analyst Blogat Zacks.com (Tue, 12:46PM)
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Unit Corp and Schlumberger - Press Releasesat Zacks.com (Tue, 9:30AM)
at Zacks.com (Mar 23, 2015)
at MarketRealist.com (Mar 20, 2015)
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