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4/21/15: Halliburton Inc. (NYSE: HAL) stock rose 2.05% Monday to $47.85 after reporting better-than-expected earnings. This is a nice preview of what's ahead for Halliburton shares. HAL stock was slashed in half from July 2014 to December, as oil prices also fell 50%. HAL stock has regained its footing in 2015, up 21% so far.
Even though today's Halliburton earnings report showed the effects of low oil prices, HAL stock kept rising. The Houston, Texas-based company posted Q1 2015 earnings per share (EPS) of $0.49, excluding special items. That was down from $0.73 in the same quarter a year ago. Revenue slipped to $7.1 billion from $7.3 billion YOY. With expectations reduced, HAL managed to beat EPS estimates of $0.35 on revenue of $6.89 billion.