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Halliburton posts higher profit on N. America demand
October 23, 2017 / 11:03 AM / a month ago

Halliburton posts higher profit on N. America demand

Oct 23 (Reuters) - Halliburton Co reported a rise in third-quarter profit as the oilfield services company benefited from strong drilling activity in North America, its biggest geography by sales.

Net profit attributable to Halliburton rose to $365 million, or 42 cents per share, in the three months ended Sept. 30, from $6 million, or 1 cent per share, a year earlier.

Halliburton said that in the nine months ended Sept. 30, 2016, which included its third quarter a year ago, it recorded a $3.5 billion charge after terminating a proposed deal to acquire Baker Hughes.

The world’s No.3 oilfield services provider said on Monday its revenue rose to $5.44 billion in the latest quarter from $3.83 billion a year earlier. (Reporting by Yashaswini Swamynathan in Bengaluru)

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