Originally published at www.seclive.com
Halliburton Company (HAL) announced its financial results for the third quarter of fiscal 2013, with earnings reported to increase 17%. Thanks to increased work in international operations, the company's revenue has continued to grow, despite slow growth in the United States. North American revenue growth was 1.6% while international revenue was up 13%. The oilfield-services company reported earnings of $706M, or $0.79 per share, up from last year's $602M and $0.65 per share. When subtracting the $38M involved for restructuring charges and write-downs, the company's adjusted earnings per share were $0.83. Dave Lesar, Halliburton Chairman and CEO, remarked that the company continues to improve overall, despite adverse market conditions that is putting downward pressure on prices.
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