Halliburton Posts 12% Adjusted Operating Margin in Q2
HAL sits 75% above its 52-week low of $20.17.
Summary
Halliburton's Q2 adjusted operating margin came in at 12%, a solid print that builds on the strong Q1 results where net income more than doubled. The margin reflects sustained operational leverage from international growth and recent contract wins, including the Saudi Aramco unconventional gas deal and the Iraq integrated management contract. Q2 revenue and adjusted EPS beat expectations, driven by growth in Europe and Africa. With the stock at $35.30 and a $29B market cap, the margin suggests earnings may again beat expectations. Watch for the full Q2 release for revenue and EPS details.
At the time of this announcement, HAL was trading at $35.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $29.3B. The 52-week trading range was $20.17 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.