Before the opening bell on Tuesday, Halliburton Company (HAL ) released higher fourth quarter results.
HAL's Earnings in Brief
- HAL posted net income of $901 million, or $1.06 per share, up from $793 million, or 93 cents per share, a year ago.
- Excluding special items, earnings were $1.19 per share – above analysts’ view of $1.10 per share.
- Revenue increased to $8.77 billion, up from $7.64 billion last year. Analysts expected to see revenue of $8.78 billion.
CEO Commentary
HAL chairman and CEO Dave Lesar had the following comments: “I am very pleased with our results for the fourth quarter and for the full year. For the full year 2014, Halliburton reported record revenue and operating income for the total company, as well as revenue records for both divisions and 12 out of 13 product lines. Compared to our primary peers, the company once again delivered industry-leading total company revenue growth and returns in 2014.”
HAL's Dividend
The company boosted its quarterly dividend from 15 cents to 18 cents in October. We expect the company to declare its next dividend in February.
Stock Performance
Shares of HAL were up 72 cents, or 1.84% during pre-market trading Tuesday.
The Bottom Line
Halliburton Company (HAL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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