Halliburton Company Earnings Report 2QFY15

The oil digging firm has reported a much better quarter than expectations of the analysts.

Halliburton Company has successfully ended up surprising analysts and investors in the industry by a huge difference as it has reported a better second quarter of the FY15 than what was expected out of it. The oil digging company is of the biggest of its kind in the world and has proved to be carrying out a successfully progressive business following the earnings report presented recently, given the difficult time it was facing due to the oil prices which faced an all-time low in the international market.

Halliburton oil firm reported the earnings for the second fiscal quarter of 2015 before the stock market opened for the day. It was seen that the oil company managed to receive net income of around $380 million in which a decline was most evident as in the last quarter of the same year; the net income had been recorded at $418 million. The loss at that point came out to be of 9.09 percent. On the other hand, the earnings per share of the oil field services providing firm turned out to be $0.44. However, this time around, the analysts expected the EPS of the company to come around at 0.29 which showed that the oil services provider outdone itself by reported such a high earnings rate.

Even though as compared to the previous quarter, Halliburton has reported comparatively low figures, they are still much higher than what the analysts expected it to show. Furthermore, operating income was announced in the earnings conference to come to be $643 million while total revenue was noted down at $5.9 billion. This showed that a decrease of 16.9 percent was recorded as compared to the first quarter of the same year. However, it was seen that the oil digging firm carried out its business in the oil industry around 26 percent more positive results than what the other companies achieved.

It was also expected from the oil company’s future endeavors that the share price might go down from the current position as the oil prices have been experiencing a major dip for the past couple of quarters.