Investing.com - Halliburton (NYSE:HAL) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Halliburton announced earnings per share of $0.11 on revenue of $2.98B. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $3.09B.
Halliburton shares are down 49.94% from the beginning of the year and are trading at $12.25 , down-from-52-week-high.They are under-performing the S&P 500 which is up 7.83% from the start of the year.
Halliburton follows other major Energy sector earnings this month
Halliburton's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.16 on revenue of $5.26B, compared to forecasts EPS of $0.13 on revenue of $5.4B.
Phillips 66 Partners LP had beat expectations on Friday, July 31, 2020 with second quarter EPS of $1.05 on revenue of $430M, compared to forecast for EPS of $0.73 on revenue of $361.25M.
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