Halliburton Company (NYSE:), a major player in oilfield services, has reported a significant increase in its third-quarter earnings. Today, the firm announced a Q3 profit of $716 million, or $0.79 per share, surpassing both the results from the same period last year and analysts’ predictions.
The reported earnings exhibit a substantial growth from last year’s figure of $544 million, or $0.60 per share. This increase exceeded the average analysts’ forecast of $0.77 per share for the period. Even after accounting for special items, the adjusted earnings remained stable at $716 million, or $0.79 per share.
In addition to its robust earnings performance, Halliburton also experienced a notable surge in revenue for Q3. The company registered an 8.2% increase in revenue, bringing the total to $5.80 billion. This marks an improvement from last year’s third-quarter revenue of $5.36 billion.
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