Halliburton Company (NYSE:HAL) announced its second quarter earnings results on Monday 20th July 2020 before market open.
The oil and gas equipment & services provider, reported $ 1.91 loss per share for the second quarter
On adjusted basis, Halliburton Company reported income for the quarter of $ 0.05 per share, beat the consensus estimate of $ 0.12 loss per share by $ 0.17 or 141.67 percent.
The firm had revenue of $ 3,196.00 million for the quarter, compared to the consensus estimate of $ 3386.85 million. The revenues fell short of analysts estimates by $ 190.85 million or 5.64 percent.
The financial report showed revenues lowered 46.10 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Jeff Miller, Chairman, President and CEO, said, Our second quarter performance in a tough market shows we can execute quickly and aggressively to deliver solid financial results and free cash flow despite a severe drop in global activity. Our results demonstrate a significant and sustainable reset to the power of our business to generate positive earnings and free cash flow.
