Halliburton Co reported higher revenue and better-than-expected adjusted earnings in the second quarter as activity increased in markets internationally and in North America.
The oilfield services company reported net income of $109 million, or 12 cents per share, in the second quarter, down from $227 million, or 26 cents per share, a year ago.
Stripping out impairments, including a $344 million pretax charge from Halliburton’s exit from Russia and other one-offs, adjusted earnings came to 49 cents a share. Estimates were for 45 cents per share.
Total revenue rose to $5.07 billion from $3.71 billion, while analysts were expecting sales of $4.71 billion.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
