Halliburton Topped Q1 Estimates, Top Line Surged 40% YoY
Apr 18, 2011
Halliburton (NYSE:HAL) reported Q1 EPS of $0.61, ex-items, ahead of consensus estimates of $0.58 per share. Revenues for the quarter rose 40% year-over-year to $5.28 billion, topping consensus estimates of $4.89 billion.
Dave Lesar, chairman, president and chief executive officer said, "I am extremely pleased with our Q1 results, as overall revenue in the first quarter set a company record of $5.3 billion. North America delivered strong performance as margins progressed due to increased activity while Eastern Hemisphere operating income was significantly impacted by geopolitical events in North Africa, delays in Iraq, and typical seasonality."
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