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But seven of the 11 major S&P sectors ended the day lower, led by a 1% drop in the real estate index. Intuitive Surgical Inc fell 7% and was the biggest drag on the S&P 500 after the surgical robotics maker’s quarterly profit missed analysts’ estimates. Kimberly-Clark Corp gained 5.4%, touching a near two-year high, after the consumer products maker reported better-than-expected earnings. The PHLX Housing index fell 0.97% after data showed U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market first time dad cufflinks.
(Reuters) – Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner. Better-than-expected revenue in North America, along with the company’s claim that prices were bottoming out, initially drove shares in the oilfield services giant almost 5 percent higher after it published first quarter results. But analysts and investors were unconvinced by a post-earnings conference call with management, which gave little hard evidence and left doubts over future pricing at a time when oil producers have been cutting investments first time dad cufflinks.
Shares ended the day down four cents apiece at $31.09 first time dad cufflinks. “I don’t think there was anything in there to get people off the sidelines,” said Jennifer Rowland, an analyst at brokerage Edward Jones, arguing the company’s comments fell short of what was needed to shift sentiment around the industry. “We are still kind of in the hope phase that the second half is going to look better,” she said. Halliburton and larger rival Schlumberger NV have been struggling with a tightening of spending by U.S. oil producers in response to shareholder pressure for greater returns following a period of heavy investment in shale..
The Houston-based company, known globally for its investment in post-war Iraq, posted an 11 percent rise in international revenue on the back of gains in Mexico, Argentina and the Middle East, areas where Schlumberger also reported gains last week. However, in contrast to its larger rival, Halliburton said activity in its largest market, North America, was modestly higher first time dad cufflinks. It added that it expects demand for its services to progress modestly for the next couple of quarters. “We believe the worst in the pricing deterioration is now behind us,” Halliburton Chief Executive Officer Jeff Miller said..