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Halliburton +3% after strong Q4 beat, optimistic outlook [Seeking Alpha]

HALLIBURTON (HAL)  More Company Research Source: Seeking Alpha
Last halliburton earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
PDF Halliburton +3% after strong Q4 beat, optimistic outlookHalliburton (NYSE:HAL)+2.9% premarket after comfortably beatingQ4 earnings expectations and posting a 48% revenue improvement from the prior-year quarter.HAL, whichmakes ~55% of its revenue from North American operations, says Q4 revenue rose to $5.9B, 9% better than Q3, with North American revenue totaling $3.4B, up 7% Q/Q.Q4 completion and production revenue rose 8% Q/Q to $3.8B, with segment operating income gaining 5% to $552M, while drilling and evaluation revenue jumped 12% Q/Q to $2.1B, and operating income for the business surged 62% to $291M.HAL took a $385M Q4 charge on its Venezuela operations following Schlumberger's (NYSE:SLB) $900M charge announced last week; HAL also recorded $882M in charges related to the recent tax law changes."We are on the path to normalized margins in North America in 2018,” says President and CEO Jeff Miller. "Commodity prices are supportive of increasing activity in North America and I am e [Read more]

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