Seeking Alpha

Halliburton +1.8% as Q4 beats estimates on strong international ops

  • Halliburton (HAL) +1.8% premarket reported a 19% Y/Y rise in Q4 earnings as revenue growth in its international operations more than made up for modest gains in North America.
  • North American revenue rose 2% Y/Y but slipped 1% Q/Q, as the sequential performance was hurt by seasonal activity disruptions tied to the weather and holidays.
  • While full-year revenue rose 3% Y/Y to $29.4B, operating incomes tumbled by a quarter, mainly due to a $1B pre-tax charge for an estimated loss contingency for Macondo as well as pricing pressure in North America.
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Comments (1)
  • deercreekvols
    , contributor
    Comments (6790) | Send Message
     
    So much for Jim Cramer's crystal ball...
    21 Jan 2014, 10:18 AM Reply Like
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