HOUSTON (AP) — HOUSTON (AP) — Halliburton Co. (HAL) on Wednesday reported fourth-quarter earnings of $589 million.
The Houston-based company said it had net income of 70 cents per share. Earnings, adjusted for pretax gains, came to 69 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The provider of drilling services to oil and gas operators posted revenue of $5.66 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $5.41 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAL at https://www.zacks.com/ap/HAL
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