Monday, April 21, 2014
HAL Q1 Earnings
Halliburton shares hit all time highs today after they reported q1 results. Earnings per share grew 9% to 73 cents beating street estimates by 2 cents a share. Revenues also beat consensus by $11MM coming in at $7.35B. The CEO, along with company analysts both agree that the company will see a 25% gain this quarter compared with the year ago period. Although we were looking to sell off some shares of HAL in the near future, I think it is safe to say we have some more return coming our way with this stock. With that being said, we will watch the company closely due to the fact that we have previously seen this stock increase drastically since we bought in to it, and even though I believe there is still a bit more return to be made, I believe it's best days are in the past.