Halliburton Shares Climb 8% After Earnings Beat and Improved Margins

Core Insights - Halliburton Co. shares increased by over 8% in intra-day trading following the release of better-than-expected third-quarter results and improved profitability [1] - Adjusted earnings were reported at $0.58 per share, surpassing the analyst consensus of $0.50, while revenue rose to $5.6 billion, exceeding expectations of $5.39 billion [1] - The company reported an adjusted operating margin of 13% for the quarter, with GAAP earnings at $0.02 per share after accounting for $392 million in impairments and other charges [2] Revenue Breakdown - The Completion and Production segment generated $3.2 billion in revenue, reflecting a 2% sequential increase, while Drilling and Evaluation revenue also rose by 2% to $2.4 billion [3] - North American revenue climbed 5% from the previous quarter to $2.4 billion, driven by stronger stimulation activity in U.S. land operations and Canada [3] - International markets continued to provide stable growth opportunities, supported by rising demand for well construction and production services [3]