Halliburton Swings to Profit, Forecasts 25% Jump in Earnings

April 21, 2014

Shares of Halliburton are climbing on Monday after the oilfield services company reported better-than-expected first-quarter results and a forecast a 25% jump in earnings in the current quarter. Halliburton reported net income of $622 million, or $0.73 a share for the quarter, beating analysts' forecasts of profit of $0.71 a share, according to Thomson Reuters. The results are a big swing from last year, when the company was hampered by a charge related to the 2010 Deepwater Horizon oil spill.