Halliburton Profit Tops Estimates as Revenue Jumps 40%

NEW YORK (TheStreet) -- Oil services company Halliburton (HAL) reported a 40% increase in revenue, beating analysts' estimates for the third quarter.

The company reported income from continuing operations of 94 cents a share, beating analysts' estimates by 2 cents. The figure excludes a $19 million, after-tax charge, or 2 cents.

Net earnings for the quarter rose 26% to $683 million, or 74 cents a share, from $544 million, or 60 cents a share in the year-ago period. Revenue for the third quarter was $6.5 billion, up 40% from $4.67 billion in the third quarter a year ago.

Analysts were expecting revenue of $6.4 billion.

-- Written by Carlton Wilkinson

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