Halliburton Q3 Profit Soars, Results Beat Estimates; Ups Quarterly Dividend

(RTTNews) - Halliburton Co. (HAL), a service provider to oil and gas explorers, Monday reported third-quarter earnings which increased, helped by a surge in North America revenues. Both earnings and revenues beat analysts' estimates.

For the three months to September, net earnings advanced to $1.2 billion or $1.41 per share, from $706 million or $0.79 per share a year earlier.

Excluding certain items, per-share earnings were $1.19, exceeding the $1.10 consensus of analysts' estimates polled by Thomson-Reuters. Analysts' estimates typically exclude one-time items.

Revenues rose to $8.7 billion, from $7.47 million last year, above the $8.53 billion Wall Street expected.

Separately, the company announced a 20 percent rise in quarterly dividend to $0.18 per share, payable on December 26 to shareholders of record on December 5.