Halliburton Co.'s stock fell 3.5% in premarket trading on Tuesday after the drilling and oil services company reported lower revenue and profit in the face of "recent pressures on the energy macro."
Halliburton $(HAL)$ said its first-quarter profit dropped to $204 million, or 24 cents a share, from $606 million, or 68 cents a share in the year-ago quarter.
Adjusted profit of 60 cents a share missed the FactSet consensus estimate of 62 cents a share.
First-quarter revenue fell to $5.4 billion from $5.8 billion in the year-ago quarter, in line with the analyst estimate of $5.4 billion.
"Despite recent pressures on the energy macro, Halliburton's consistent focus on technology, collaboration, and service quality execution create value for our customers and drive long-term success for Halliburton and its shareholders," the company said.
-Steve Gelsi
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April 22, 2025 07:16 ET (11:16 GMT)
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