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Halliburton beats 3Q net income and revenue expectations

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HOUSTON — HOUSTON — Halliburton Co. (HAL) on Monday reported profit of $1.2 billion in its third quarter.

The Houston-based company said it had profit of $1.41 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to $1.19 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The provider of drilling services to oil and gas operators posted revenue of $8.7 billion in the period, which also beat Street forecasts. Analysts expected $8.5 billion, according to Zacks.

Halliburton shares have increased roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has climbed slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. HAL stock research report from Zacks: http://www.zacks.com/ap/HAL

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Keywords:Halliburton,Earnings Report

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