Halliburton Co. (NYSE:HAL) reported better-than-expected quarterly
earnings, helped by jump in revenue as demand for its oilfield services
increased.
EXcluding a $15 million charge, after-tax, or 2 cents per share,
fourth-quarter earnings per share were $1.00, topping Wall Street
projections of 99 cents a share.
Earnings were $907 million or $0.98 per share for the fourth quarter,
up from $607 million or $0.66 per share in the year-ago quarter.
Revenue jumped 37 percent to $7.0 billion, better than analysts' expectations of $6.8 billion.
Looking ahead for the full year, the Houston,Texas-based Halliburton
expects revenue growth above rig count growth in both the Eastern and
Western Hemispheres.
HAL ended Friday's regular trading session at $36.20. The stock has been trading in the 52-week range between $27.21 and $57.77.