Thread regarding Halliburton Co. layoffs

Halliburton reported a fourth-quarter loss of $1.65 billion

Halliburton Co. on Tuesday reported a fourth-quarter loss of $1.65 billion, after reporting a profit in the same period a year earlier.

The Houston-based company said it had a loss of $1.88 per share. Earnings, adjusted for asset impairment costs, came to 32 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The provider of drilling services to oil and gas operators posted revenue of $5.19 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $5.09 billion.

For the year, the company reported a loss of $1.13 billion, or $1.29 per share, swinging to a loss in the period. Revenue was reported as $22.41 billion.

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| 2341 views | | 8 replies (last January 28, 2020) | Reply
Post ID: @OP+137F2VIM

8 replies (most recent on top)

Does halliburton even have enough people to fire to make up for this type of loss? Whose left at that point?

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Post ID: @7xxg+137F2VIM

What a load of c-ap Miller's quote that 95% of the fleet being used by paying customers, which is the salvage crew, looks like 75% of fleet stacked at DMC waiting for the torches, dumpsters.

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Post ID: @3njy+137F2VIM

Nice try troll! HAL BEST estimates in Q4. Believe the troll instead? Read this:
https://www.google.com/amp/s/www.thestreet.com/.amp/investing/halliburton-tops-q4-earnings-on-solid-international-sales

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Post ID: @2npd+137F2VIM

You people needed to listen to me when I said that this company is tanking. We are now the number 3 behind Baker. Hell even newly out of bankruptcy weatherford has a higher valuation and stock price than us. Pretty soon we will be number 4. Then it will be our turn at bankruptcy. But don’t worry Jeff K–ler got his 9million in bonus money.

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Post ID: @1ndc+137F2VIM

What loss, they just gave out 2 months bonus to Singapore manufacturing facility

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Post ID: @1fwo+137F2VIM

They need to stop hiring all the rotational engineers from India. They get here and become Americanized then get lazy and cliche up. They need to hold onto to engineers that have the experience and knowledge to mentor new engineers.

The Technology side of things is falling apart.

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Post ID: @evn+137F2VIM

That's a easy fix gonna send more people a packing.

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Post ID: @ekl+137F2VIM

Halliburton closes 2019 with $1.7 billion loss

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Post ID: @yrb+137F2VIM

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