Halliburton Beats Estimates, Boosts Job Cuts After Oil Crash
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Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc.
Excluding certain items, the world’s second-biggest provider of oilfield services earned 49 cents a share in the first quarter, topping the 36-cent average of 32 analyst estimates compiled by Bloomberg. Shares rose 2.1 percent to close at $47.85 in New York.