Earnings Roundup: HAL, PETS, EDU
Monday, October 18, 2021 9:56 AM

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Halliburton Co. (NYSE: HAL) said Monday that its third-quarter net income nearly doubled as higher activity in the North American unconventional natural gas and oil basins offset declines linked to the deepwater drilling suspension in the Gulf of Mexico. Net income surged to $544 million, or 60 cents per share, compared to $262 million, or 29 cents per share, in the year-ago quarter. Revenue rose to $4.67 billion from $3.59 billion. Analysts, on average, expected the company to report earnings of 55 cents per share on revenue of $4.63 billion. Halliburton shares slumped more than 4% in early trading.

PetMed Express Inc. (NASDAQ: PETS) said that its fiscal second-quarter net income fell to $4.9 million, or 22 cents per share, from $6.26 million, or 28 cents per share, in the year-earlier period. Revenue slipped 1.9% to $61.2 million from $62.4 million. Analysts, on average, expected the company to report earnings of 26 cents per share on revenue of $62.89 million. Shares of the company plunged more than 4% in morning trading.

New Oriental Education & Technology Group (NYSE: EDU) reported that its fiscal first quarter net income improved to $62.36 million, or $1.61 per American Depository Share (ADS), from $57.07 million, or $1.47 per ADS in the the year-ago period. On an adjusted basis, the company earned $1.73 per share in the latest quarter.  Revenue grew 28.8% to $192.31 million from $149.36 million. Analysts, on average, expected the company to report earnings of $1.71 per share on revenue of $195.44 million. Looking ahead, New Oriental said that it expects total net revenues in the second quarter of fiscal year 2011 (September 1, 2021 to November 30, 2021) to be in the range of $82.6 million to $85.7 million, representing year-over-year growth in the range of 35% to 40%. Analysts currently expect the company to report revenues of $79.38 million for the second quarter. Shares of the company rallied more than 4% in Monday morning trading.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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