UPDATE: Halliburton Posts Rise In Q4 Profit

Halliburton Co

reported a 19% rise in its fourth-quarter earnings. Halliburton's quarterly profit surged to $793 million, or $0.93 per share, from a year-ago profit of $669 million, or $0.72 per share. Its revenue climbed 4.8% to $7.64 billion. However, analysts were projecting a profit of $0.89 per share on revenue of $7.55 billion. Halliburton shares closed at $50.66 on Friday.