Halliburton shares jump 2% premarket as Q2 profit tops estimates

4 months ago 36

Halliburton Co. shares HAL, -3.49% roseate 2% successful premarket commercialized Tuesday, aft the institution posted stronger-than-expected nett for the 2nd quarter. The vigor services institution said it had nett income of $227 million, oregon 26 cents a share, successful the quarter, up from $170 million, oregon 19 cents a share, successful the year-earlier period. Revenue roseate to $3.707 cardinal from $3.451 billion. The FactSet statement was for EPS of 22 cents and gross of $3.710 billion. Completion and accumulation gross was up 10% astatine $2 cardinal versus the archetypal quarter. Drilling and valuation gross roseate 5% to $1.7 cardinal from the archetypal quarter. North America gross was up 12% astatine $1.6 billion, and planetary gross was up 4% astatine $2.1 billion. Shares person gained 2.4% successful the twelvemonth to date, portion the S&P 500 SPX, -1.59% has gained 13%.

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