Don’t miss the latest developments in business and finance.

Halliburton posts fourth-quarter profit compared with year-ago loss

Image
Reuters
Last Updated : Jan 22 2019 | 5:35 PM IST

(Reuters) - Oilfield services provider Halliburton Co reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes.

The company said net income attributable to the company was $664 million, or 76 cents per share, for the fourth quarter ended Dec. 31, compared with a loss of $824 million or 94 cents per share, a year earlier.

Revenue was largely flat at $5.94 billion.

(Reporting by John Benny in Bengaluru)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 22 2019 | 5:27 PM IST

Next Story