Halliburton’s second-quarter adjusted earnings exceeded analysts' expectations, leading to its shares climbing +1.6% in premarket trading Monday.
The oil-field services company reported adjusted earnings of 35 cents per share, which surpassed the 30 cents per share estimated by analysts surveyed by FactSet.
However, total revenue came in at $5.93 billion, slightly behind the FactSet consensus of $5.97 billion.
The company’s revenue from North America was $3.3 billion, marking a +2% increase over the first quarter, thanks in part to increased drilling activity in the Gulf of Mexico. International revenue of $2.6 billion came in + 6% higher from the first quarter, on the back of improvement in activity in the Middle East/Asias, as indicated by the company.