Halliburton Company (HAL) saw a 4.59 percent drop in share prices on Monday, closing at $22.02 per share as investors adjusted portfolios before the expected earnings release this week. The company is set to report its second-quarter financial results soon, with investors closely watching after a significant net income decline in the first quarter.

Last month, Halliburton secured a contract to design and drill wells for GeoFrame Energy’s geothermal and direct lithium extraction project, set to commence in late 2025. While HAL shows investment potential, some believe other AI stocks offer better returns with lower risk. Explore the best short-term AI stock for insights.

Investors are eyeing Halliburton’s upcoming earnings results after a 66 percent drop in attributable net income and a 6.7 percent decline in revenues during the first quarter. As the company prepares to disclose its second-quarter financial and operating performance, expectations are high for a rebound or further challenges.

Read more at Yahoo Finance: Halliburton (HAL) Drops Ahead of Earnings Results