Before Monday’s opening bell, Halliburton Company (HAL
) reported higher first quarter financial results that came in above analysts’ estimates.
HAL’s Earnings in Brief
HAL posted Q1 earnings of $622 million, or 73 cents per share, compared to a loss of $18 million or 2 cents per share, a year ago. Revenue increased to $7.35 billion from $6.97 billion last year. On average, analysts expected to see earnings of 71 cents per share and $7.24 billion in revenue. HAL noted that it expects its earnings to grow by 25% in the second quarter.CEO Commentary
Dave Lesar, chairman, president and CEO of HAL commented: ”I am pleased with total company revenue of $7.3 billion, which was a record first quarter for Halliburton. Operating income of $970 million was 8% higher than adjusted operating income in the first quarter of 2013, and was the result of our double-digit growth in the Eastern Hemisphere.”
HAL’s Dividend
HAL paid its last 15 cent dividend on March 26. We expect the company to declare its next dividend in May.
Stock Performance
Halliburton shares were up 61 cents, or 1.00% during premarket trading Monday. The stock is up 20% YTD.
HAL Dividend SnapshotAs of market close on April 17, 2014
Click here to see the complete history of HAL dividends.
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