Have you been eager to see how Halliburton Company (HAL – Analyst Report) – the world’s No. 2 oilfield-services company – performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Houston, TX-based company’s earnings release this morning:

About Halliburton: Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.

Zacks Rank & Surprise History: Currently, Halliburton has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coming to earnings surprise history, the company has an excellent track record: its beaten estimates in each of the last four quarters at an average rate of 36.33%.

HALLIBURTON CO Price and EPS Surprise

HALLIBURTON CO Price and EPS Surprise | HALLIBURTON CO Quote

Estimate Revision Trend: Investors should note that the earnings estimate revisions for Halliburton depicted pessimism prior to the earnings release. The Zacks Consensus Estimate worsened slightly over the last 7 days.

We have highlighted some of the key details from the just-released announcement below:

A Surprise Profit: Net income per share came in at 1 cent, contrary to the Zacks Consensus Estimate for a loss of 7 cents. Continued and effective cost management led to the outperformance.

Revenue Came in Lower than Expected: Halliburton posted revenues of $3,833 million, missing the Zacks Consensus Estimate of $3,897.5 million. Moreover, revenues deteriorated 31% on a year-over-year basis.

Key Stats: Operating income from the Completion & Production segment was $24 million, falling sharply from the year-ago profit of $163 million. However, the division turned around from previous quarter’s loss of $32 million.