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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Halliburton Revenue And Earnings Improve 0 comments
    Jul 21, 2014 11:06 AM | about stocks: HAL

    Originally published at www.seclive.com

    Halliburton Company (NYSE:HAL) announced its financial results for the second quarter of fiscal year 2014, posting increases in revenue and earnings from a year-ago. The oilfield service company reported revenue of $8.05B, up from the year-ago $7.32B and beating expectations at $7.88B. The company' earnings climbed from $644M and $0.69 per share to $774M and $0.91 per share, meeting analyst expectations. The company's largest segment, completion and production, posted a strong revenue increase from $4.36B to $4.94B while the drilling and evaluation segment improved from $2.95B to $3.11B. Halliburton increased its share repurchase program from $1.2B to a total of $6B, while also announcing a quarterly dividend of $0.15 per share. Chairman and CEO Dave Lesar commented that the company's strategy is paying off and that the company sees strong, sustainable growth for the future.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: HAL
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