Halliburton Company Q2 Profit Decreases, but beats estimates

(RTTNews) - Halliburton Company (HAL) announced a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $109 million, or $0.12 per share. This compares with $227 million, or $0.26 per share, in last year's second quarter.

Excluding items, Halliburton Company reported adjusted earnings of $442 million or $0.49 per share for the period.

Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.7% to $5.07 billion from $3.71 billion last year.

Halliburton Company earnings at a glance (GAAP) :

-Earnings (Q2): $109 Mln. vs. $227 Mln. last year. -EPS (Q2): $0.12 vs. $0.26 last year. -Analyst Estimates: $0.44 -Revenue (Q2): $5.07 Bln vs. $3.71 Bln last year.