Halliburton Q4 Profit Rises - Quick Facts

(RTTNews) - Oilfield services provider Halliburton Co. (HAL) reported that its fourth-quarter net income attributable to company increased to $793 million or $0.93 per share from $689 million or $0.72 per share in the same quarter last year.

Income from continuing operations for the quarter was $770 million or $0.90 per share, up from $589 million or $0.63 per share in the prior-year quarter.

Excluding restructuring charges, adjusted income from continuing operations for the latest quarter was $798 million or $0.93 per share. On average, 33 analysts polled by Thomson Reuters expected the company to report earnings of $0.89 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew to $7.64 billion from $7.29 billion in the year-ago quarter. Twenty-three analysts had consensus revenue estimate of $7.55 billion for the quarter.

"I am very pleased that Halliburton delivered record annual revenues in 2013," commented Dave Lesar, chairman, president and chief executive officer.

Looking ahead, Lesar added, "Our strategy is working well and we intend to stay the course in the coming year. We are optimistic about our ability to grow our North America revenue and margins, and to realize continued revenue and margin growth in our international business, which we believe will result in double-digit growth in our earnings per share in 2014."