Halliburton Q4 Earnings Slip

Halliburton

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(RTTNews) - Halliburton Co. (HAL), a provider of products and services to the energy industry, on Wednesday reported its net income decreased in the fourth quarter compared with the previous year.

For the fourth quarter, net income attributable to the company declined to $589 million from $615 million in the prior year.

Earnings per share were $0.70 versus $0.70 last year.

On the adjusted basis, net income attributable to the company also decreased to $576 million from $615 million in the previous year.

Adjusted earnings per share were $0.69 versus $0.70 last year.

Operating income declined to $746 million from $932 million in the previous year.

Adjusted operating income decreased to $829 million from $932 million in the same period last year.

Revenue increased to $5.66 billion from $5.61 billion in the prior year.

In the pre-market trading, Halliburton is 2.59% higher at $32.88 on the New York Stock Exchange.