Posted: Oct 21, 2013 5:36 AM
Updated: Oct 21, 2013 5:37 AM
HOUSTON (AP) Halliburton Co.'s third-quarter net income climbed 17 percent as revenue rose overseas. Its adjusted results topped analysts' estimates, but revenue fell slightly short.
The stock slipped 17 cents to $52.30 in premarket trading Monday.
For the three months ended Sept. 30, the Houston-based oilfield operator earned $706 million, or 79 cents per share. A year earlier it earned $602 million, or 65 cents per share.
Removing restructuring charges, income from continuing operations was 83 cents per share.
Analysts predicted earnings of 82 cents per share.
Revenue climbed 5 percent to $7.47 billion from $7.11 billion thanks to better performances in Latin America, Europe, Africa and the Commonwealth of Independent States region. North American revenue declined.
Revenue rose for the completion and production and drilling and evaluation divisions.
Wall Street expected $7.5 billion in revenue.