Haliburton, HAL, Beats the Street

“Halliburton’s net profit rose to $511 million, or 56 cents per share, from $206 million, or 23 cents per share, a year earlier.

Excluding the charge from its operations in Libya, the company earned 61 cents per share, topping the 58 cents per share that analysts had forecast on average, according to Thomson Reuters I/B/E/S.

Revenue rose to $5.3 billion, also better than analysts’ forecasts for $4.89 billion.

Operating profit at its North American operations jumped to $732 million from $230 million a year earlier. Latin America also rose to $76 million, from $46 million, although profits fell in the rest of the world.”

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