Halliburton Co
HAL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $py | LOCK|Q<#P | LOCK|!!@sYwM |
Halliburton Earnings: Low Expectations and New Investments Buoy Stock, but Upside Remains
In the third quarter, Halliburton's sales declined 2% year on year but rose 2% sequentially to $5.6 billion, while segment operating margin rose over 40 basis points to 15.4%. The firm took a pretax charge of $392 million, nearly half of which was tied to severance costs. Shares rose 11% intraday.
