Halliburton beats by $0.07, beats on revs
- Reports Q4 (Dec) earnings of $0.53 per share, excluding charges related to United States tax reform and Venezuela receivables, $0.07 better than the Capital IQ Consensus of $0.46; revenues rose 47.7% year/year to $5.94 bln vs the $5.63 bln Capital IQ Consensus.
- Completion and Production revenue in the fourth quarter of 2017 was $3.8 billion, an increase of $267 million, or 8%, from the third quarter of 2017, while operating income was $552 million, a sequential increase of $27 million, or 5%.
- Drilling and Evaluation revenue in the fourth quarter of 2017 was $2.1 billion, an increase of $229 million, or 12%, from the third quarter of 2017, while operating income was $291 million, an increase of $111 million, or 62%.