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Halliburton 1Q earnings jump on higher North America demand

The oilfield service provider's earnings per share met analyst expectations

An oilfield company worker
Halliburton shares rose slightly in pre-market trade.

Shares of oilfield services provider Halliburton Co (NYSE:HAL) were little changed before the opening bell on Monday after it posted first-quarter results that met analysts’ expectations.

The company posted earnings of US$0.41 per share on revenue of US$5.7 bln in the quarter ended March 31. The consensus earnings estimate was for $0.41 per share on revenue of $5.8 bln. 

The company posted a 34% jump in first-quarter revenue on the back of rising oil prices, which nudged North American companies to boost oil and gas production. North America jumped nearly 58% to US$3.52bln, while revenue from international operations rose 9%.

Total revenue jumped to $5.74bln from $4.28bln.

Halliburton shares rose 0.08% to US$52 in pre-market trade.

Quick facts: Halliburton Company

Price: 11.75 USD

NYSE:HAL
Market: NYSE
Market Cap: $10.31 billion
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