Halliburton: Fourth Quarter Earnings Overview

Halliburton Reports Strong Fourth-Quarter Results

Halliburton Co., headquartered in Houston, announced on Wednesday that it earned $589 million during the fourth quarter.

The company’s net profit translated to 70 cents per share, while earnings adjusted for pretax items were 69 cents per share.

These figures exceeded analysts’ expectations. According to a survey by Zacks Investment Research, the consensus estimate among 11 analysts was 54 cents per share.

Halliburton, which supplies drilling services to the oil and gas sector, generated $5.66 billion in revenue for the quarter—surpassing the $5.41 billion forecasted by nine analysts polled by Zacks.