(By Balachander) Halliburton Co. (NYSE:HAL), an oilfield services company, posted quarterly earnings that topped Wall Street estimates, spurred by double-digit revenue growth at all of its regions.
Earnings from continuing operations increased to $747 million from $741 million. On a per share basis, earnings remained flat at 80 cents versus consensus estimate of 75 cents for the second quarter.
Revenue soared 22 percent to $7.23 billion, beating market expectations of $6.96 billion. Revenue from North America jumped 20 percent and Latin America revenue gained 28 percent, and other regions such as Europe and Middle East also registered strong top-line gains.
In the first quarter, Halliburton earned 89 cents a share on revenue of $6.9 billion.
The Houston, Texas-based company provides services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
HAL shares, which have been trading in the range of $26.28 to $57.77 over the past year, ended Friday's regular trading at $30.77.