Halliburton 4Q results beat Street, led by growth in international operations - InfoNews

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Halliburton 4Q results beat Street, led by growth in international operations

FILE - In this April 15, 2009, file photo, the Halliburton sign adorns the side of a machine being used by the company at a site for natural-gas producer Williams in Rulison, Colo. Halliburton reports quarterly earnings on Tuesday, Jan. 21, 2013 (AP Photo/David Zalubowski, File)
January 21, 2014 - 4:29 AM

NEW YORK, N.Y. - Halliburton Co.'s fourth-quarter net income rose 19 per cent, led by growth in its international operations.

The oilfield-services company earned $793 million, or 93 cents per share, for the three months ended Dec. 31. That compares with $669 million, or 72 cents per share, a year earlier.

Income from continuing operations was 90 cents per share. When removing restructuring charges, it was 93 cents per share.

Revenue increased 5 per cent to $7.64 billion from $7.29 billion, with strength in its Middle East/Asia and Europe/Africa/Commonwealth of Independent States regions. The latter region includes countries such as Russia and the Ukraine.

Analysts expected earnings of 89 cents per share on revenue of $7.55 billion.

The stock rose 2.5 per cent to $51.95 in premarket trading Tuesday.

News from © The Associated Press, 2014
The Associated Press

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