Halliburton Earnings Defy Falling Oil Prices. Why the Stock Is Still Dropping.
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Oilfield services provider Halliburton beat analysts’ expectations for earnings in the first quarter, even after oil prices declined.
Halliburton (ticker: HAL) earnings per share came in at 72 cents, compared with the analysts’ consensus of 67 cents among those surveyed by FactSet. Revenue was $5.7 billion, compared with expectations for $5.5 billion.
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