Halliburton Co. HAL reported Tuesday first-quarter earnings that rose above expectations, amid strength in its completion and production business, but the oil services company’s stock slipped 1.3% in premarket trading. Net income more than doubled to $651 million, or 72 cents a share, from $263 million, or 29 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 67 cents. Revenue grew 32.5% to $5.68 billion, above the FactSet consensus $5.
HAL reported Tuesday first-quarter earnings that rose above expectations, amid strength in its completion and production business, but the oil services company’s stock slipped 1.3% in premarket trading. Net income more than doubled to $651 million, or 72 cents a share, from $263 million, or 29 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 67 cents. Revenue grew 32.5% to $5.68 billion, above the FactSet consensus $5.