Halliburton profits rise on strong North America
NEW YORK, April 18 – Halliburton Co, the world’s second-largest oilfield services company, today reported higher quarterly profits as North American revenue reached a record high, lifting its shares in premarket trading.
First-quarter profit rose to US$627 million (RM1.92 billion), or 68 cents per share, from US$511 million, or 56 cents per share, a year ago.
Excluding a US$300 million charge for estimated losses from the BP Plc Gulf of Mexico oil spill two years ago, Halliburton’s earnings per share of 89 cents topped the average analyst estimate of 85 cents, according to Thomson Reuters I/B/E/S.
Revenue rose to US$6.9 billion.
Halliburton’s shares rose 1.7 per cent in premarket trading to US$33.20. – Reuters