Why Halliburton Stock Is Down Today

Group 1 - Halliburton's first-quarter earnings met analysts' expectations, but the company warned of future challenges, leading to a significant drop in its stock price [1][5] - The company reported earnings of $0.60 per share on revenue of$5.4 billion, slightly above Wall Street's expectations of $0.60 per share on sales of$5.3 billion [2] - North American revenue, which constitutes nearly half of Halliburton's business, decreased by 12% year over year, although this decline was partially mitigated by increased revenues from the Middle East and European markets [3] Group 2 - Executives indicated that future earnings could be negatively impacted by tariffs, estimating a reduction of $0.02 to$0.03 per share in the second quarter, with approximately 60% of this impact stemming from the completion & production segment [4] - Year-to-date, Halliburton's shares have declined by about 25%, and the stock has lost approximately half of its value over the past 12 months [5] - The cyclical nature of the oil industry suggests that energy stocks can be advantageous to buy during downturns, with Halliburton's current dividend yield at about 3.3%, appealing for long-term investors [6]