Halliburton: Q1 beats consensus

(CercleFinance.com) - Halliburton has reported Q1 2020 adjusted net income of 270 million dollars, i.
e. 31 cents per share, beating the consensus by seven cents, and up from adjusted EPS of 23 cents a year ago.

The oil services group saw its operating profit increase by 18% to 502 million dollars for revenues that are down 12% at five billion dollars, including a 5% increase internationally, although a 25% fall in North America.

"OPEC+ production decisions and the duration of pandemic-related demand and activity disruptions will ultimately determine the extent of international spending declines this year," chairman and CEO Jeff Miller warned.


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