HAL Halliburton Co

   By Micah Maidenberg 
 

Halliburton Co. (HAL) said profit rose to $664 million, or 76 cents a share, in the fourth quarter, but the oilfield services company reported weakness in the North American market and abroad.

Earnings at Halliburton swung to a gain compared with last year, when the company reported a loss of $824 million, or 94 cents a share.

Profit surpassed the 37 cents a share that analysts polled by FactSet expected.

The company said Tuesday that excluding a tax benefit it recognized in the quarter adjusted earnings were 41 cents a share.

Sales of $5.94 billion were flat compared with the fourth quarter of 2017, but more than the $5.86 billion analysts predicted, according to FactSet.

Overall, North America revenue of $3.34 billion in the fourth quarter was down slightly from the year earlier, when the company booked $3.4 billion in sales in the region. Sales were down 2% overseas, gaining only in the company's Middle East and Asia region.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

January 22, 2019 07:22 ET (12:22 GMT)

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