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

|About: Halliburton Company (HAL)|By:, SA News Editor

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.