Halliburton beats by $0.09, beats on revs
Reports Q3 (Sep) earnings of $1.19 per share, $0.09 better than the Capital IQ Consensus Estimate of $1.10; revenues rose 16.4% year/year to $8.7 bln vs the $8.53 bln consensus.
- Completion and Production (C&P) revenue in the third quarter of 2014 was $5.4 billion, an increase of $478 million, or 10%, from the second quarter of 2014.
- This increase was primarily driven by higher activity in North America and strong growth across the majority of our product lines in the Europe/Africa/CIS and Latin America regions.