Halliburton beats by $0.04, beats on revs
- Reports Q3 (Sep) earnings of $0.42 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.38; revenues rose 42.0% year/year to $5.44 bln vs the $5.35 bln Capital IQ Consensus.
- "The Drilling and Evaluation division revenue increased 4% and operating margins expanded by 260 basis points to approximately 9%, demonstrating solid execution in our international franchise. The Completion and Production division revenue increased by 13% in the third quarter and operating margins improved by 215 basis points, despite the approximately 50 basis point negative impact of hurricane Harvey. This was driven by improved activity and pricing throughout North America land in our pressure pumping, completion tools and cementing product service lines."