Halliburton's Lower Q4 Profit Beats by a Penny

Posted Jan 25th 2010 1:40PM by Trey Thoelcke
Filed under: Earnings Reports, Halliburton (HAL)

Monday morning, Halliburton (HAL) posted lower fourth-quarter earnings that narrowly topped the consensus estimates of analysts polled by Thomson Reuters, due in part to increased activity in North America.

Halliburton, one of the world's largest oilfield service providers, said earnings fell more than 46% from a year ago to $0.28 per share, but that beat the First Call consensus by a penny. Revenues fell about 25% from a year ago to $3.69 billion. The consensus estimate was for $3.63 billion.

Halliburton said its current outlook for 2010 remains "fluid" and that growth will be uneven. It also said it sees opportunities to boost pricing in North America in 2010 due to technology, footprint and the capital investments it made in 2009.

Shares fell below $30 Monday morning after the report, retreating from last week's 52-week high of $34.87.

Tags: earnings, HAL, Halliburton, inthenews