Overview

* Halliburton ( HAL ) Q3 revenue of $5.6 bln beats analyst expectations

* Adjusted EPS of $0.58 for Q3 exceeds analyst estimates

* Company repurchased $250 mln of its common stock in Q3

Outlook

* Halliburton ( HAL ) focuses on cost savings and capital discipline for future growth

* Company prioritizes technology leadership and shareholder returns

* Halliburton ( HAL ) sees growth potential in international markets

Result Drivers

* NORTH AMERICA STRATEGY - Increased completion tool sales and artificial lift activity in North America contributed to revenue growth

* LATIN AMERICA PERFORMANCE - Higher project management and wireline activity drove growth in Latin America

* COST DISCIPLINE - Halliburton ( HAL ) took steps to deliver estimated savings of $100 mln per quarter by idling equipment and resetting capital budget

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $5.60 $5.39

Revenue bln bln (20

Analysts

)

Q3 Beat $0.58 $0.49

Adjusted (22

EPS Analysts

)

Q3 EPS $0.02

Q3 Beat $496 mln $426.08

Adjusted mln (14

Net Analysts

Income )

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Halliburton Co ( HAL ) is $26.00, about 13% above its October 20 closing price of $22.62

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)