Halliburton Company (NYSE:HAL) outlined its third quarter earnings results on Monday 19th October 2020 before market open.
The oil and gas equipment & services provider, reported $ 0.02 loss per share for the quarter
On adjusted basis, Halliburton Company reported income for the quarter of $ 0.11 per share, beat the consensus estimate of $ 0.08 income per share by $ 0.03 or 37.50 percent.
The firm had revenue of $ 2,975.00 million for the quarter, compared to the consensus estimate of $ 3088.34 million. The revenues fell short of analysts estimates by $ 113.34 million or 3.67 percent.
The financial report showed revenues fell 46.40 percent versus third quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Jeff Miller, Chairman, President and CEO, said, The fundamentally different course we are charting is having a positive impact on our performance. Halliburtons strong third quarter results demonstrate that we are effectively executing on our strategic priorities. The pace of activity declines in the international markets is slowing, while the North America industry structure continues to improve, and activity is stabilizing.
