Halliburton (NYSE: HAL) reported earnings on April 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Halliburton beat expectations for both revenue and earnings per share.

Compared to the prior-year quarter, both revenue and GAAP earnings per share expanded significantly.

Margins shrank across the board.

Revenue details
Halliburton logged revenue of $6.87 billion. The 18 analysts polled by S&P Capital IQ predicted revenue of $6.77 billion on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $5.28 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.89. The 27 earnings estimates compiled by S&P Capital IQ averaged $0.85 per share on the same basis. GAAP EPS of $0.68 for Q1 were 21% higher than the prior-year quarter's $0.56 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 14.9%, 180 basis points worse than the prior-year quarter. Operating margin was 14.9%, 50 basis points worse than the prior-year quarter. Net margin was 9.1%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.95 billion. On the bottom line, the average EPS estimate is $0.84.

Next year's average estimate for revenue is $28.60 billion. The average EPS estimate is $3.52.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halliburton is outperform, with an average price target of $49.92.

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