What Halliburton's Earnings Mean For Mutual Fund Investors (HAL)

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Halliburton red logo

News

What Halliburton's Earnings Mean For Mutual Fund Investors (HAL)

Shauna O'Brien Apr 20, 2015

Before Monday’s opening bell, Halliburton (HAL) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside HAL’s Results

Earnings

Halliburton (HAL ) reported a net loss of $639 million, or 75 cents per share. Adjusted earnings were $418 million, or 49 cents per share, compared to $623 million, or 73 cents per share,a year ago. Analysts expected to see EPS of 37 cents.

Revenue
Revenue for the quarter was $7.1 billion from $7.3 billion last year. Analysts expected to see revenue of $6.99 billion.


Lower Oil Prices

The oil and gas company fell into a loss for the first quarter of 2015 due to the decline of energy prices. The drop in prices has brought down shares of HAL nearly 23% in the last 12 months. HAL, which is currently involved in a pending merger deal with Baker Hughes (BHI), has announced plans to cut its workforce by about 6,400 jobs.

Mutual Funds to Watch

Investors considering a stake in HAL may be interested in the funds listed below. These funds currently hold the largest stakes in the company.

The Bottom Line

The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in HAL may also be interested in Baker Hughes (BHI)

.If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book