UPDATE: Halliburton Posts Upbeat Q1 Profit

Halliburton

posted a profit in the first quarter. Halliburton swung to a quarterly profit of $622 million, or $0.73 per share, versus a year-ago loss of $18 million, or $0.02 per share. Its income from continuing operations came in at $0.73 per share. Its total revenue climbed to $7.35 billion versus $6.97 billion. However, analysts were estimating earnings of $0.72 per share on revenue of $7.26 billion. Halliburton shares gained 1.02% to $61.52 in pre-market trading.