Halliburton posts $US622m Q1 net income

Written By Unknown on Senin, 21 April 2014 | 21.29

HALLIBURTON says it was profitable in the first-quarter after reporting a loss for the period a year ago.

Its latest results topped Wall Street expectations, and its shares edged up in premarket trading on Monday.

The Houston-based company reported net income of $US622 million ($A665.92 million), or 73 US cents per share. Revenue rose 5 per cent to $US7.35 billion.

Analysts polled by FactSet expected 72 US cents per share on revenue of $US7.26 billion.

A year ago, the company reported a net loss of $US18 million, or 2 US cents per share on revenue of $US6.97 billion. That included a charge for setting aside money for litigation over the 2010 Gulf of Mexico oil spill.

Without the charge, its adjusted profit was 67 US cents per share a year ago.

Halliburton shares rose 45 US cents to $US61.35 in premarket trading.


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