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Monday, January 23, 2012

Stock Alert -Halliburton (HAL): Q4 EPS of $1.00 beats by $0.01 - 1/23/12

Halliburton (HAL): Q4 EPS of $1.00 beats by $0.01. Revenue of $7.06B (+37% Y/Y) beats by $230M. Net profit $907M, or $0.98 vs. $607M, or $0.67 a year ago, boosted by strong growth in North America, where revenues jumped 56% and profit 77%. HAL expects strength in the sector to continue this year. International revenues +17% and profit +9.5%, helped by Latin America. Shares -1.1%.

Halliburton (HAL)  resistance level is $40.32 and support level is $33.64.

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