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.

From other sites
Comments (1)
  • deercreekvols
    , contributor
    Comments (9727) | Send Message
    So much for Jim Cramer's crystal ball...
    21 Jan 2014, 10:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs