Publish date:

Halliburton Shares Climb on Quarterly Earnings Beat

Shares of Halliburton were climbing Wednesday after topping analyst forecasts for third-quarter earnings.

Halliburton (HAL) - Get Halliburton Company (HAL) Report shares were higher Wednesday after the oilfield services giant topped analyst estimates for the third quarter. Halliburton earned $0.01 a share for the quarter, up from a loss of $0.06 a share in the same period a year ago and better than an estimated loss of $0.06 a share. Halliburton noted in a statement the company remains "cautious around fourth quarter customer activity due to holiday and seasonal weather-related downtimes." Shares of Halliburton are now up 42% so far in 2016

Employees of TheStreet are restricted from owning individual securities.

TheStreet Recommends