Halliburton Company Q4 Profit Drops, Inline With Estimates

(RTTNews) - Halliburton Company (HAL) reported earnings for fourth quarter that decreased from last year in line with the Street estimates.

The company's earnings came in at $615 million, or $0.70 per share. This compares with $661 million, or $0.74 per share, last year.

Excluding items, Halliburton Company reported adjusted earnings of $615 million or $0.70 per share for the period.

Analysts on average had expected the company to earn $0.70 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 2.2% to $5.610 billion from $5.739 billion last year.

Halliburton Company earnings at a glance (GAAP) :

-Earnings: $615 Mln. vs. $661 Mln. last year. -EPS: $0.70 vs. $0.74 last year. -Revenue: $5.610 Bln vs. $5.739 Bln last year.