HAL - Halliburton's Q4 earnings revenues rise from Q3 while topping estimates

Halliburton (HAL) +2.7% pre-market after Q4 adjusted earnings top analyst estimates even as revenues drop 37% Y/Y to $3.24B, helped by cost cuts and a recovery in demand for oilfield equipment and services.Revenues fell 37% Y/Y but increased 8.8% Q/Q to $3.24B, slightly above expectations, while adjusted net income attributable fell 44% Y/Y while jumping 60% Q/Q to $160M.Halliburton's Q4 revenue from North America fell 47% Y/Y but rose 26% Q/Q to $1.24B, which topped the $1.15B consensus estimate.The company booked $446M of pre-tax impairments and other charges in the quarter, mostly due to a contemplated structured transaction for its North American real estate assets."I am optimistic about the activity momentum I see in North America, and expect international activity to bottom" in this year's Q1, says Chairman, President and CEO Jeff Miller."If management's outlook implies rising E&P, then the bull case could remain intact" for HAL shares, Shock Exchange writes in

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Halliburton's Q4 earnings, revenues rise from Q3 while topping estimates