Halliburton: EPS down, but ahead of expectations

(CercleFinance.com) - Halliburton reported better-than-expected fourth-quarter results on Tuesday, buoyed by strong business in the Middle East and Asia.


The world's second-largest oilfield services company posted net earnings of $661 million, or $0.74 per share, for the quarter, compared with $716 million, or $0.79 per share, a year earlier.

Excluding losses linked to the devaluation of the Argentine peso, net profit would have been $769 million, or $0.86 per share, above the consensus figure of $0.80.

The Houston-based group reported stable sales, at $5.7 billion, this time slightly lower than analysts had forecast ($5.8 billion).

Following this performance, the company decided to increase its quarterly dividend by one cent, to 17 cents per share.

Following this announcement, the stock gained almost 2% in pre-market trading on Wall Street.

Schlumberger, the world's leading oil and gas parapet operator, also reported a better-than-expected fourth-quarter profit last Friday, again thanks to strong business in the Middle East.

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