Market Overview

UPDATE: Halliburton Posts Upbeat Q1 Profit

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Halliburton (NYSE: HAL) 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.

 

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