Halliburton Company Reveals 76% Drop In Q1 Profit

(RTTNews) - Halliburton Company (HAL) revealed a profit for first quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $64 million, or $0.07 per share. This was down from $270 million, or $0.31 per share, in last year's first quarter.

The company said revenue for the quarter fell 40.4% to $4.20 billion. This was down from $7.05 billion last year.

Halliburton Company earnings at a glance:

-Earnings (Q1): $64 Mln. vs. $270 Mln. last year. -Earnings Decline (Y-o-Y): -76.3% -EPS (Q1): $0.07 vs. $0.31 last year. -EPS Decline (Y-o-Y): -77.4% -Revenue (Q1): $4.20 Bln vs. $7.05 Bln last year. -Revenue Change (Y-o-Y): -40.4%