HALISTER: Halliburton Reports Surprise 3Q Profit, Cautious on 4Q Activity

Halliburton Reports Surprise 3Q Profit, Cautious on 4Q Activity

(Bloomberg) -- Halliburton 3Q EPS 1c vs est. loss 6c, range loss 2c-9c; CEO Dave Lesar says company “out-executed even against the very high expectations we place on our organization.”
  • 3Q rev. $3.83b vs est. $3.91b
  • 3Q segment revenue (vs avg of 3 sell-side ests):
    • N.A. $1.7b (up 9% q/q), in line with est.
    • LatAm $415m (down 13% q/q) vs est. $407.5m
    • Europe/Africa/CIS $744m (down 6% q/q) vs est. $769m
    • Middle East/Asia $1.0b (down 3% q/q) vs est. $1b
  • Remains cautious around 4Q customer activity due to holiday and seasonal weather-related downtimes
  • Maintains long-term positive outlook on LatAm, expects recovery with improved commodity prices
  • Call 9am 866-854-3163
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HAL US (Halliburton Co)

People
David Lesar (Halliburton Co)

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