The Traderszone Network

Published in TZ Latest News 20 April, 2015 by The TZ Newswire Staff

Halliburton warns of weakness in North America, international operations

The company’s shares rose 3.8 percent to $48.69 before the bell on Monday after it posted a better-than-expected quarterly profit, helped by higher revenue and operating income from Latin America, the Middle East and Asia. Halliburton agreed to buy smaller rival Baker Hughes Inc (BHI.N) for $35 billion last November, to better negotiate the slump in oil and resist pressure from oil producers to slash prices. Excluding one-time items, Halliburton earned 49 cents per share, above the average analyst estimate of 37 cents, according to Thomson Reuters I/B/E/S.

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