Market Currents

• Friday, October 16, 2009

• 07:10 AM Halliburton (HAL): Q3 EPS of $0.31 beats by $0.05. Revenue of $3.59B vs. $3.42B. "Overall market dynamics remained difficult in North America... Although I am more confident in our view of the international markets than I was last quarter, project deferrals together with pricing pressure, driven by our customers’ desire to reduce input costs, cause us to continue to expect a softer near-term margin outlook for international markets." (PR) Comment!
• 00:05 AM Notable pre-market earnings: AOS, BAC, FHN, GE, GPC, HAL, MAT, MTG Comment!

• Monday, July 20, 2009

• 11:29 AM "Any recovery in gas drilling is likely to be relatively modest for the rest of 2009," Halliburton (HAL +1.6%) CEO David Lesar warns investors on this morning's earnings call (full transcript later). Natural gas storage levels have swelled despite a brisk pullback in drilling; nat-gas inventory, currently 2.886T cubic feet, is 26% higher than a year ago and 19% higher than the five-year average. Comment!
• 09:00 AM Premarket gainers: HGSI +247%. CIT +84%. HAR +17%. HEB +8%. CTIC +8%. RHT +7%. LYG +7%. ABK +5%. LVS +5%. HL +4%. NXG +4%. CAT +4%. HAL +4%. TGB +4%. AUY +4%. INFY +4%. HAS +4%. HMY +4%. HBC +4%. ERX +4%. GSK +4%.
  Losers: RT -9%. WFT -8%. FXP -7%. 1 Comment
• 07:15 AM Halliburton (HAL): Q2 EPS of $0.30 beats by $0.03. Revenue of $3.5B (-22.1%) vs. $3.4B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: ETN, HAL, HAS, JCI, MTB, WFT Comment!

• Monday, April 20, 2009

• 07:21 AM Halliburton (HAL): Q1 EPS of $0.44 beats by $0.03. Revenue of $3.9B (-3.0%) vs. $4.0B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: BAC, ETN, HAL, HAS, LLY, MMR, PEP, WFT Comment!

• Thursday, February 12, 2009

• 09:08 AM Yesterday, Halliburton (HAL) and spinoff KBR agreed to pay $579M to settle allegations they spent $182M to bribe Nigerian government officials and win more than $6B in construction contracts. WaPo covers the intriguing story. More from the FCPA blog. [via] Comment!

• Monday, January 26, 2009

• 07:08 AM Halliburton (HAL): Q4 EPS of $0.87 beats by $0.14. Revenue of $4.91B (+17.5%) vs. $4.82B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: CAT, COV, DGX, DHR, ETN, FCX, GWW, HAL, KMB, MCD, SEE, TSN, WFT Comment!

• Friday, December 19, 2008

• 11:38 AM Halliburton (HAL) well be among the first to snap back once the economy and oil prices recover, veteran market analyst Glenn Cutler says. Comment!

• Monday, October 20, 2008

• 06:31 AM Halliburton (HAL): Q3 EPS of $0.76 beats by $0.02. Revenue of $4.85B (+23.5%) vs. $4.64B. [PR] Comment!
• 00:05 AM Notable earnings before Monday's open: BPOP, ETN, HAL, HAS, MAT, NVS, UB, WFT Comment!

• Tuesday, July 22, 2008

• 06:15 AM Halliburton (HAL): EPS of $0.68 in-line. Revenue of $4.49B (+20.1%) vs. $4.25B. [PR] Comment!
• 00:04 AM Notable earnings before Tuesday's open: AKS, AVY, BHI, BIIB, BJS, CAT, CHKP, CME, CP, CPO, DD, DPZ, ERIC, FCX, FITB, FRX, GNTX, HAL, JBLU, JEC, JEF, KEY, LCC, LXK, LMT, OMC, PXPS, PAS, PCAR, PMTC, RF, ROK, RYN, STI, SVU, TLAB, UAUA, UNH, UPS, WAT, WB, WU, WTNY, XTO. Comment!