Halliburton Posts $622M In 1st-qtr Net Income
Halliburton says it was profitable in the first-quarter after reporting a loss for the period a year ago. Its latest results topped Wall Street expectations, and its shares edged up in premarket trading Monday. The Houston-based company reported net income of $622 million, or 73 cents per share. Revenue rose 5 percent to $7.35 billion. A year ago, the company reported a net loss of $18 million, or 2 cents per share on revenue of $6.97 billion.That included a charge for setting aside money for litigation over the 2010 Gulf of Mexico oil spill. Without the charge, its adjusted profit was 67 cents per share a year ago.
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