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)

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