Halliburton Beats Estimates on Lower North American Costs
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Halliburton Co., the world’s largest provider of hydraulic-fracturing services, reported first-quarter results that beat analysts’ estimates as the company reduced costs in North America.
Profit excluding discontinued operations and money set aside for oil-spill litigation was 67 cents a share, exceeding the 57-cent average of 34 analysts’ estimates compiled by Bloomberg. The results mark the 19th consecutive quarter Halliburton has beaten estimates. Sales climbed 1.5 percent to $6.97 billion.