Halliburton: Q4 EPS up sequentially
(CercleFinance.com) - Halliburton has reported Q4 2020 adjusted net income that is up 60% sequentially at 160 million dollars, or 18 cents per share, above the consensus.
The oil service group's adjusted operating profit increased by 27% relative to Q3 to 350 million dollars, with revenues up 9% at 3.2 billion dollars, driven by North American operations (+26%).
The company is optimistic about the trend in business in North America and expects that its international operations bottom out in the first quarter of 2021.
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