Halliburton Turns To Profit In Q1 - Quick Facts

(RTTNews) - Oilfield services provider Halliburton Co. (HAL.F, HAL.TO, HAL) said that net income attributable to company for the first quarter of 2014 was $622 million or $0.73 per share compared to a loss of $18 million or $0.02 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Income from continuing operations attributable to company for the quarter was $623 million, or $0.73 per share, compared to loss from continuing operations was $13 million, or $0.01 per share in the same quarter last year.

Income from continuing operations for the prior year quarter was $624 million or $0.67 per share, excluding a $637 million charge, after-tax, or $0.68 per share, to increase a reserve related to the Macondo litigation.

Total revenue for the quarter grew to $7.35 billion, from $6.97 billion in the prior year quarter. Twenty six analysts estimated revenues of $7.24 billion for the quarter.