Halliburton Q1 earnings beat estimates
Luke Sharrett/Bloomberg News ServiceThe Houston-based company said it had net income of 72 cents per share. The company said the outlook for oil drilling is bright, bucking rivals that predicted an imminent slowdown in demand. The profit was its strongest first-quarter showing in more than a decade.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. The provider of drilling services to oil and gas operators posted revenue of $5.68 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $5.5 billion.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Halliburton beats earnings expectations, but stock fallsHalliburton Co. reported Tuesday first-quarter earnings that rose above expectations, amid strength in its completion and production business, but the oil...
Read more »
Doug Cuthand: First Nations are fighting the Sask. First ActFirst Nations have maintained that the act was cobbled together without meaningful consultation yxe skpoli Indigenous
Read more »
Houston’s first semi-professional ultimate frisbee team is kicking off its first seasonHouston Havoc, the city's first semi-pro ultimate frisbee team, set to kick off its inaugural season
Read more »
First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarterThe lender said things have stabilized since last month's banking emergency, but it will still reduce headcount by 20% to 25% in the second quarter.
Read more »
James Avery's first-ever Fiesta medal now selling for more than $100 on eBayJames Avery recently released its first-ever Fiesta medal as a giveaway to the first 100 customers at its various locations, and the medal is now one of Fiesta's most expensive and sought-after pin-ons.
Read more »
First Alert Forecast: Drying out, high temps in the 60s, chilly tonightFirst Alert Weather: Things will be drying out today after a damp start. A lingering shower is possible through the afternoon north of NYC. Watch JohnElliottTV's forecast.
Read more »