Halliburton (HAL) has gotten beaten up this year…and even today’s earnings beat doesn’t capable of reversing its fortunes.
Halliburton reported a profit of 4 cents, beating forecasts for 3 cents, on sales of $4.28 billion, narrowly edging expectations for $4.27 billion. Halliburton’s shares were trading higher before the market opened, but have declined have declined 0.3% to $46.90 at 1:56 p.m. today.
Evercore ISI’s James West sees a “margin explosion” coming for Halliburton during the second half of the year, while comparing the oil-services giant to LeBron:
April 24, 2017 at 11:20PM
from Ben Levisohn
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