Halliburton Boosts Share Buybacks as Profit Beats Estimates
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Halliburton Co., the world’s largest provider of hydraulic-fracturing services, expanded its share buyback plan to $5 billion as second-quarter profit beat estimates on demand outside its home market.
Per-share earnings excluding one-time items of 73 cents exceeded the 72-cent average of 33 analysts’ estimates compiled by Bloomberg. Sales climbed 1.1 percent to a record $7.3 billion, Houston-based Halliburton said today in a statement.