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

Shauna O'Brien

|

Halliburton red logo
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.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.67%
VFINX Vanguard 500 Index 1.13%
VWELX Vanguard Wellington 0.68%

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)

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Halliburton red logo

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

Shauna O'Brien

|

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.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.67%
VFINX Vanguard 500 Index 1.13%
VWELX Vanguard Wellington 0.68%

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.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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