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.
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