Halliburton (HAL) Drops Ahead of Earnings Results

Halliburton Company (NYSE:HAL) is one of the stocks that bleed heavily.

Halliburton dropped its share prices by 4.59 percent on Monday to close at $22.02 apiece, as investors repositioned portfolios ahead of its expected earnings release this week.

Based on its historical earnings reporting dates, Halliburton Company (NYSE:HAL) is set to report its second quarter financial and operating results anytime this week or early next week.

Investors will be closely watching out for its earnings results, especially following a slump in its net income in the first quarter of the year.

During the period, Halliburton Company’s (NYSE:HAL) attributable net income fell by 66 percent to $204 million from $606 million registered in the same period last year.

Revenues, on the other hand, were lower by 6.7 percent to $5.4 billion from $5.8 billion year-on-year.

Last month, Halliburton Company (NYSE:HAL) bagged a new contract to design and drill wells for GeoFrame Energy’s geothermal and direct lithium extraction project. Work is expected to begin in late 2025.

While we acknowledge the potential of HAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.