viewHalliburton Company

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

Market: NYSE
Market Cap: $10.31 billion

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