Halliburton (HAL) and TE Connectivity (TEL) exceeded quarterly expectations in their latest earnings reports, leading to strong investor sentiment. Halliburton reported Q4 earnings of $0.69 per share, surpassing estimates of $0.54 by 27%, with sales of $5.65 billion, 4% above expectations. The company’s stock rose 4% in trading, marking a nearly 30% increase over the last three months to reach a 52-week high of $33.
Meanwhile, TE Connectivity announced a 22% year-over-year increase in Q1 sales to $4.66 billion, beating expectations of $4.5 billion. Its Q1 EPS increased 33% to $2.72, exceeding estimates of $2.54, and the firm generated $608 million in free cash flow. Despite a short-term stock dip of 1% post-report, TEL still remains 7% from its 52-week high of $250, with a positive outlook on future earnings and sales growth.
