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.