Halliburton Posts Q3 Loss On Charges - Quick Facts

(RTTNews) - Halliburton Company (HAL) reported a third-quarter loss as it recorded company-wide charges related primarily to asset write-offs and severance costs of approximately $257 million, after-tax, or $0.30 per share. The company also recorded Baker Hughes acquisition-related costs of $62 million, after-tax, or $0.07 per share, in the third quarter of 2015.

Income from continuing operations for the third quarter of 2015 was $265 million, or $0.31 per share, excluding special items. On average, 34 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

For the third-quarter, loss from continuing operations was $54 million or $0.06 per share compared to profit of $1.14 billion or $1.33 per share, last year. C&P operating income was $163 million compared to $1.07 billion, prior year.

Total revenue was $5.58 billion compared to $8.70 billion, a year ago. Analysts expected revenue of $5.64 billion for the quarter. Completion and Production (C&P) revenue in the third quarter of 2015 was $3.2 billion, compared to $5.4 billion, prior year.