Haliburton’s Q2 Results Shine; Street Says “Strong Buy”
Oil field services major Halliburton Company (NYSE: HAL) posted better-than-expected results for the second quarter ended June 30, 2022. The company’s solid results were supported by growth in both revenue and earnings. Following the upbeat results, shares of the company appreciated by more than 3% to close at $29.74 in yesterday’s extended trade. Revenue, Earnings Soar Haliburton reported quarterly revenues of $5.1 billion, a growth of 36.9% from the previous year. Moreover, the figure surpassed the consensus estimate of $4.7 billion. Both revenues from Completion and Production activities, and Drilling and Evaluation activities witnessed year-over-year growth of 42.1% and 30.
Haliburton’s Q2 Results Shine; Street Says “Strong Buy”
Oil field services major Halliburton Company (NYSE: HAL) posted better-than-expected results for the second quarter ended June 30, 2022. The company’s solid results were supported by growth in both revenue and earnings. Following the upbeat results, shares of the company appreciated by more than 3% to close at $29.74 in yesterday’s extended trade. Revenue, Earnings Soar Haliburton reported quarterly revenues of $5.1 billion, a growth of 36.9% from the previous year. Moreover, the figure surpassed the consensus estimate of $4.7 billion. Both revenues from Completion and Production activities, and Drilling and Evaluation activities witnessed year-over-year growth of 42.1% and 30.