Halliburton: Q4 above expectations
(CercleFinance.com) - Halliburton has reported a loss from continuing operations of 805 million dollars in the last three months of 2017, or 92 cents per share, as a result of US tax reform charges and receivables in Venezuela.
Excluding these extraordinary items, the Houston based oil services company made a 462 million dollar profit from continuing operations, representing EPS of 53 cents, while on average analysts were expecting six cents less.
"Outstanding execution resulted in an excellent fourth quarter and we are well positioned to take advantage of opportunities presented by a growing North America market and improving international outlook," said group CEO Jeff Miller.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Excluding these extraordinary items, the Houston based oil services company made a 462 million dollar profit from continuing operations, representing EPS of 53 cents, while on average analysts were expecting six cents less.
"Outstanding execution resulted in an excellent fourth quarter and we are well positioned to take advantage of opportunities presented by a growing North America market and improving international outlook," said group CEO Jeff Miller.
Copyright (c) 2018 CercleFinance.com. All rights reserved.