Halliburton profit surges 31 percent as drilling booms outside North America

Tue Jan 21, 2014 7:13am EST
 
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(Reuters) - Halliburton Co (HAL.N: Quote) reported a 31 percent rise in quarterly profit as the world's second-largest oilfield services company's push into global markets more than made up for weakness in North America.

Income from continuing operations rose to $770 million, or 90 cents per share, in the fourth quarter ended December 31, from $589 million, or 63 cents per share, a year earlier.

Revenue rose 5 percent to $7.64 billion.

(Reporting by Swetha Gopinath in Bangalore; Editing by Don Sebastian)

 
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson