Halliburton (HAL) Tops Q4 EPS by 4c

Halliburton (NYSE: HAL) reported Q4 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.2 billion.

“I am pleased with our solid execution in the fourth quarter and for the full year. Our swift and decisive cost actions and service delivery improvements reset our earnings power, delivering strong margins and cash flow. We also achieved historic bests in safety and service quality,” commented Jeff Miller, Chairman, President and CEO.

“I am optimistic about the activity momentum I see in North America, and expect international activity to bottom in the first quarter of this year. I am also encouraged by the growing pipeline of international customer opportunities and the unfolding global activity recovery.

“I believe our strategic priorities will allow us to continue generating industry-leading returns and strong free cash flow and solidify Halliburton’s role in the unfolding energy market recovery,” concluded Miller.

For earnings history and earnings-related data on Halliburton (HAL) click here.

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