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Halliburton Announces Earnings
Wednesday, April 18, 10:46 AM ET

Halliburton (NYSE:HAL) announce on Wednesday that first-quarter profit increased by 22.7 percent. Net income was $627 million, or 68 cents per share versus $511 million, or 56 cents per share, in the same period a year ago. Revenue increased by 30 percent to $6.87 billion. Excluding a $300 million charge for estimated losses related to the 2010 BP (NYSE:BP) Deepwater Horizon Gulf of Mexico oil spill, the company earned 88 cents per share. Results beast analyst expectations for earnings of 85 cents per share on revenue of $6.79 billion.

Shares are higher by about 3.9 percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

Halliburton Announces Earnings picture
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