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Halliburton shares rise after Q4 profit, revenue beats [MarketWatch]

HALLIBURTON (HAL)  More Company Research Source: MarketWatch
Last halliburton earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
PDF Halliburton shares rise after Q4 profit, revenue beats Halliburton Co. HAL, +1.24% shares rose 1.2% in premarket trade Monday after the company reported higher-than-expected fourth-quarter profit and revenue. The company reported a loss of $825 million, or a loss of 94 cents per share, after a loss of $153 million, or a loss of 17 cents per share, in the year-earlier period. The latest results include charges relating to tax reform in the U.S. and Venezuela receivables, the company said. Adjusted earnings-per-share were 53 cents, compared with the FactSet consensus of 46 cents. Revenue rose to $5.9 billion from $4.0 billion, above the FactSet consensus of $5.6 billion. Halliburton said it recorded an aggregate $882 million in non-cash discrete tax charges in the fourth-quarter as a result of the Tax Cuts and Jobs Act of 2017, which is a provisional amount that is subject to change. The company also said it continues to have delays in collecting payments on receivables from its prim [Read more]

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