Halliburton Company Q3 Profit Increases, beats estimates

(RTTNews) - Halliburton Company (HAL) released a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $716 million, or $0.79 per share. This compares with $544 million, or $0.60 per share, in last year's third quarter.

Excluding items, Halliburton Company reported adjusted earnings of $716 million or $0.79 per share for the period.

Analysts on average had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $5.80 billion from $5.36 billion last year.

Halliburton Company earnings at a glance (GAAP) :

-Earnings (Q3): $716 Mln. vs. $544 Mln. last year. -EPS (Q3): $0.79 vs. $0.60 last year. -Analyst Estimate: $0.77 -Revenue (Q3): $5.80 Bln vs. $5.36 Bln last year.