HAL.WD Halliburton

By Kimberly Chin

Halliburton Co. (HAL) said profit more than tripled in the first quarter as the oilfield services company recorded lower impairment charges and had a smaller provision for taxes in this quarter compared with a year earlier.

Net income was $152 million, or 17 cents a share, compared with $46 million, or five cents a share. Analysts polled by Refinitiv expected per-share earnings of 24 cents.

The company said that excluding impairments and other charges, adjusted earnings were 23 cents a share, one cent ahead of analysts' estimates of 22 cents a share.

Sales were flat at $5.74 billion compared with the year-earlier period, but more than the $5.53 billion analysts predicted.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

April 22, 2019 07:21 ET (11:21 GMT)

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