S&P 500
7,615.40
-0.09%
Dow Jones
51,327.00
-0.09%
Nasdaq 100
30,644.80
-0.23%
Russell 2000
2,928.08
-0.17%
FTSE 100
10,381.30
-0.06%
Nikkei 225
68,144.20
+0.95%

Investing

Shares Fall As Halliburton Earnings Rise

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Shares of Halliburton (NYSE: HAL) fell almost 2% before the open to $35.75 after the oil infrastructure and service company ann0unced frouth quarter earnings

The firm reported income from continuing operations for the fourth quarter of 2011 was $921 million, or $1.00 per diluted share, excluding a $15 million charge, after-tax, or $0.02 per diluted share, for an environmental-related matter included in Corporate and other. This compares to income from continuing operations for the third quarter of 2011 of $867 million, or $0.94 per diluted share, excluding a $19 million, after-tax, or $0.02 per diluted share, impairment charge on an asset held for sale in the Europe/Africa/CIS region. Net income attributable to company in the fourth quarter of 2011 was $906 million, or $0.98 per diluted share.

Halliburton’s consolidated revenue in the fourth quarter of 2011 was $7.1 billion, compared to $6.5 billion in the third quarter of 2011. Consolidated operating income was $1.4 billion in the fourth quarter of 2011, compared to $1.3 billion in the third quarter of 2011. Improved international results accounted for the majority of these increases.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

FDX: FedEx Earnings Disappointing, As We Expected

By William Trent, CFA of Stock Market Beat Over the weekend we made our forecast for the FedEx earnings report,…

Paul Ausick |

Delta Earnings Flat, Outlook Doesn’t Cheer

Wikipedia/Public DomainDelta Air Lines Inc. (NYSE: DAL) reported third-quarter 2012 results before markets opened this morning. The airline posted adjusted…

Douglas A. McIntyre |

Sun Kills It Rally

Sun Microsystems (SUNW) closed up 2 cents in regular trading at $5.94. Over the last three months, the stock is…

United Airlines Earnings Overcome Higher Fuel Costs
Paul Ausick |

United Airlines Earnings Overcome Higher Fuel Costs

United Continental reported better-than-expected profits and revenues after markets closed Tuesday. Higher fuel costs pushed expenses up.

How Walmart Earnings Beat Estimates
Paul Ausick |

How Walmart Earnings Beat Estimates

Walmart beat consensus estimates for third-quarter earnings per share and revenues and the retailing giant raised earnings guidance for the…

What Matters Most to American Airlines Investors: Earnings or Its Corporate Culture?
Paul Ausick |

What Matters Most to American Airlines Investors: Earnings or Its Corporate Culture?

American Airlines reported a better-than-expected third-quarter profit this morning while meeting revenue expectations. But the airline still has a problem.

How Costco Beat Profit Estimates
Paul Ausick |

How Costco Beat Profit Estimates

Costco reported fiscal Q3 earnings that beat estimates, but profits were a bit light.

Jon C. Ogg |

Schlumberger Earnings Just Meet Estimates (SLB, HAL, WFT, OIH)

Schlumberger N.V. (NYSE:SLB) reported third quarter earnings this morning and the short story is there were no surprises. Like competitors…

Why Halliburton Stock Is Sinking Despite Beating Estimates
Paul Ausick |

Why Halliburton Stock Is Sinking Despite Beating Estimates

Halliburton reported better than expected first-quarter 2019 results before markets opened Monday, but shares retreated in premarket trading.

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826