Halliburton Profit More Than Triples Despite Flat Sales
April 22 2019 - 7:36AM
Dow Jones News
By Kimberly Chin
Halliburton Co. (HAL) said profit more than tripled in the first
quarter as the oilfield services company recorded lower impairment
charges and had a smaller provision for taxes in this quarter
compared with a year earlier.
Net income was $152 million, or 17 cents a share, compared with
$46 million, or five cents a share. Analysts polled by Refinitiv
expected per-share earnings of 24 cents.
The company said that excluding impairments and other charges,
adjusted earnings were 23 cents a share, one cent ahead of
analysts' estimates of 22 cents a share.
Sales were flat at $5.74 billion compared with the year-earlier
period, but more than the $5.53 billion analysts predicted.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
April 22, 2019 07:21 ET (11:21 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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