Oilfield services provider Halliburton Co. (HAL, HAL.TO, HAL.F) posted first-quarter loss from continuing operations attributable to company shareholders of $13 million, or $0.01 per share, as against a profit of $635 million, or $0.69 per share last year.
Quarterly income from continuing operations totaled $624 million, or $0.67 per share, excluding a $637 million charge, after-tax, or $0.68 per share, to increase a reserve related to the Macondo litigation, the company noted. The prior year's income from continuing operations was $826 million, or $0.89 per share, excluding a $191 million charge, after-tax, or $0.20 per share, for a reserve related to the Macondo litigation.
On average, 32 analysts polled by Thomson Reuters expected earnings per share of $0.57 for the quarter. Analysts' estimates typically exclude one-time items.
Revenues reached $6.97 billion in the first quarter, compared with $6.87 billion reported a year back, and beat consensus estimates of $6.88 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.