Investing.com - Halliburton (NYSE:HAL) reported third quarter earnings that beat analyst's expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.5 on revenue of $6.17B. Analysts polled by Investing.com expected EPS of $0.49 on revenue of $6.11B. That compared to EPS of $0.42 on revenue of $5.44B in the same period a year earlier. The company had reported EPS of $0.58 on revenue of $6.15B in the previous quarter.
For the year, Halliburton shares are down 23.26%, under-performing the S&P 500 which is up 3.13% year to date.
Halliburton follows other major Energy sector earnings this month
On Friday, Schlumberger reported third quarter EPS of $0.46 on revenue of $8.5B, compared to forecasts of EPS of $0.45 on revenue of $8.6B.
Petroleum Geo-Services ADR earnings missed analyst's expectations on Thursday, with third quarter EPS of $-0.1 on revenue of $163.4M. Investing.com analysts expected EPS of $0 on revenue of $225.06M
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