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Halliburton Profit Beats Estimates as U.S. Drilling Gains

Halliburton Co. reported fourth-quarter adjusted profit that beat analysts’ estimates after oil explorers kicked off a year-end recovery in North America where the service provider generates most of its sales.

The world’s largest fracking services provider posted profit excluding certain items of 4 cents a share, according to a statement Monday, exceeding the 2-cent average of 39 analysts’ estimates compiled by Bloomberg, The net loss was $149 million, or 17 cents a share, compared with a loss of $28 million, or 3 cents a share, a year earlier.

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