BUSINESS

Halliburton and Atlantic Union Report Mixed First-Quarter Results

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Houston — Halliburton reported first-quarter earnings of $461 million on Tuesday, posting net income of 55 cents per share and revenue of $5.4 billion, both figures beating Zacks Investment Research averages and Wall Street estimates while the company cites routine quarterly results in its automated report. The report was generated using data compiled by Automated Insights and Zacks. Glen Allen, Va. — Atlantic Union Bankshares reported Tuesday a first-quarter profit of $122.2 million, with earnings of 84 cents per share (89 cents adjusted), revenue of $526.5 million and net interest revenue of $371.7 million, which fell short of Zacks and Street forecasts; the bank's shares have risen nearly 10% this year and 57% over twelve months. Both companies' disclosures were distributed through AP automated snapshots, and investor calls or guidance updates are expected this week.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Prior 12 months: Atlantic Union shares rose about 57% over the prior twelve months.
Year-to-date: Atlantic Union shares rose almost 10% since the start of the year.
Before releases: Zacks Investment Research published analyst averages used for expectations.
Tuesday: Halliburton reported Q1 earnings of $461 million and $5.4 billion revenue, beating estimates.
Tuesday: Atlantic Union reported Q1 profit of $122.2 million with net interest revenue below forecasts.

Why This Matters to You

Halliburton and Atlantic Union's results can impact your wallet. If you own shares in either company, these earnings reports could affect their value. Pay attention to the market's reaction and consider discussing with your financial advisor.

The Bottom Line

Halliburton beat expectations, while Atlantic Union fell short. These mixed results show the unpredictable nature of the market. Keep an eye on any guidance updates this week. Worth forwarding if you know someone invested in these companies.