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Drug Manufacturer Stocks Saw...

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session...

Consumer Electronics Stocks In...

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HomeWorldThe Halliburton Company...

The Halliburton Company (NYSE: HAL) Releases Adoption of DecisionSpace 365 Cloud Technologies

The Halliburton Company (NYSE: HAL) moves up 2.75% to trade at $30.22 in early trading session on Monday as the firm releases the adoption of the Halliburton Digital Well Program and Digital Well Operation DecisionSpace 365 cloud technologies as the cornerstone for PETRONAS’ enterprise digital well integrated operation (WIO). The decision is the result of a two-year technological evaluation involving different technology vendors.

The Halliburton Digital Well Program enables drilling teams to quickly construct technically and economically effective notional drilling programs. The initial stage of WIO will concentrate on integrating front-end engineering processes, which will address present working issues and improve process cycle efficiency. It offers engineers a web-based, interactive, standardized, and automated solution that integrates all important information on a single platform to assure optimal well design while without jeopardizing existing technical assurance procedures.

The Halliburton Digital Well Program and Digital Well Operation solutions provide a comprehensive perspective from project initiation to well delivery. These systems include well-programmed activities at each step, resulting in a single environment across all sorts of engineering and operational workflows, allowing the company to adopt engineering rules and procedures throughout the technical organization. Any changes made at any level of the processes will be instantly mirrored throughout the company.

“Digital Well Program, Digital Well Operations, and other innovative technologies enable drilling engineers to optimize well delivery as well as planning and drilling operation execution through a single pre-integrated platform,” said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.

Investors will be expecting for Halliburton to show strength as it approaches its next earnings announcement on October 25, 2022. The firm is predicted to report earnings per share of $0.55, a 96.43% increase over the prior-year quarter. According to our most current average estimate, quarterly revenue will be $5.32 billion, up 37.84% from the previous year.

In terms of the entire year, our Zacks Consensus Estimates indicate that analysts anticipate earnings of $2.01 per share and sales of $20.24 billion. These figures represent increases of +86.11% and +32.36% over previous year.

Investors should be aware of any recent changes in analyst estimates for Halliburton. These most recent changes likely to reflect the changing nature of short-term business trends. With this in mind, we might interpret positive estimate revisions as an indication of confidence about the company’s business prospects.

Drug Manufacturer Stocks Saw in Stress: AbbVie (NYSE: ABBV), Amgen (NASDAQ:AMGN), AstraZeneca (NASDAQ:AZN), Bristol-Myers Squibb (NYSE: BMY)

Shares of AbbVie Inc. (NYSE: ABBV) rose over 1.03% in early trading session on Friday as patients in the United States will be able...

Consumer Electronics Stocks In Action: GoPro, Inc. (NASDAQ: GPRO), Sonos, Inc. (NASDAQ: SONO), Sony Group Corp. (NYSE: SONY)

GoPro, Inc. (NASDAQ: GPRO) jumps down over 10.14% to $5.81 in early trading session on Friday as the firm announced financial results for its...

Solar Stocks Revamp Position in Street: Array Technologies (NASDAQ: ARRY), Sunrun Inc. (NASDAQ:RUN), Sunnova Energy International Inc. (NYSE: NOVA)

Array Technologies (NASDAQ: ARRY) plunged over 1.24% to $19.97 in early trading session on Friday as company was awarded a contract to supply solar...

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IBM (NYSE: IBM) Joins Hand with NASA for AI Utilization On Impact Of Climate Change

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As online used-car dealer, Carvana Co.’s (NYSE: CVNA) moved up 1.11% to $8.21 in pre trading session on Friday as the share price is spiraling out of control, Wall Street analysts are lowering their targets, and they are warning...

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