Halliburton Q4 Earnings Decline in Line with Expectations

Halliburton Company reports Q4 earnings drop, meeting Street estimates. The company's earnings of $615 million suggest a slight decline compared to last year. Investors should closely monitor these developments.

Date: 22-01-2025

AI Rating: 5

Overview of Earnings and Revenue: Halliburton Company's (HAL) fourth-quarter earnings report reveals a decrease in both earnings and revenue compared to the previous year. The reported earnings of $615 million, or $0.70 per share, decreased from $661 million, or $0.74 per share, from the same quarter last year. This decline in earnings aligns with analyst expectations.

Earnings Per Share (EPS): The EPS for the current quarter was reported at $0.70, matching analysts' average expectations, which were also $0.70. While this result may suggest stability, it does reflect a slight drop from the prior year's EPS.

Revenue Growth: The company's revenue for the quarter declined by 2.2%, falling to $5.610 billion from $5.739 billion the previous year. This reduction in revenue may raise concerns among investors regarding the company's growth trajectory.

Overall, these metrics suggest that while Halliburton met earnings expectations, the decline in both earnings and revenue could invoke cautious sentiment among investors. Despite aligning with expectations, the drop from the previous year's figures could influence future stock performance negatively.

Stocks: HAL