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Stock impact report

Halliburton revenue jumps on higher North American demand [Reuters]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Reuters
Halliburton revenue jumps on higher North American demand | Reuters Reuters Staff 2 Min Read (Reuters) - Oilfield services provider Halliburton Co ( HAL.N ) reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production. The company’s revenue from North America jumped nearly 58 percent to $3.52 billion in the three months ended March 31, while revenue from international operations rose 9 percent. Total revenue jumped to $5.74 billion from $4.28 billion. Halliburton said it took a charge of $312 million in the quarter as it wrote down investments in Venezuela, which is struggling with political and economic challenges. Adjusting for items, Halliburton posted a profit of 41 cents per share in the latest reported quarter, in line with analysts’ estimates, according to Thomson Reuters I/B/E/S. Oilfield services companies were impacted by harsh weather conditions in the first quarter. Halliburton warned Show less Read more
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