Halliburton reported the first quarter revenue at $4.2 billion. The result dropped 40.4% from $7.05 billion in the year earlier, but still beat the average estimate of $4.16 billion by analysts. The company’s full earnings report is being postponed to May 3 from April 25 due to the deadline to complete the deal with Baker Hughes. This indicates their determination to complete the agreement by April 30. The stock closed Friday up 2% on the day, at 40.77. It is expected to retest the resistance at 42.96 later on Monday.
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