HAL generated $841 million of cash flow from operations in the third quarter, leading to a free cash flow of $543 million.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Thursday.
Halliburton Company (NYSE:HAL ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, and CEO Eric Carre - EVP and CFO Conference Call Participants Dave Anderson - Barclays Arun Jayaram - JPMorgan Securities James West - Evercore ISI Roger Read - Wells Fargo Securities Neil Mehta - Goldman Sachs Saurabh Pant - Bank of America Kurt Hallead - Benchmark Operator Good day, and welcome to the Third Quarter 2024 Halliburton Company Earnings Conference Call. At this time, all participants are in a listen-only mode.
As a result of operational challenges, Halliburton missed analyst expectations for the quarter.
Halliburton (HAL) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.79 per share a year ago.
Halliburton missed analysts' estimates for third-quarter profit on Thursday, as a slowdown in drilling activity in North America weighed on demand for its oilfield services and equipment.
Immediately following news of Donald Trump's U.S. Presidential election victory, oil stocks surged. Halliburton (HAL) stock was last seen up more than 6.7% today, pacing for its best daily performance since October 2023.
HAL beat the Zacks Consensus Estimate in three of the last four quarters and met in the other, with the average earnings surprise being 3.2%.
Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Halliburton (HAL) closed at $27.52, marking a -1.33% move from the previous day.
In the most recent trading session, Halliburton (HAL) closed at $27.81, indicating a -1.52% shift from the previous trading day.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.