Boston, MA 04/24/2014 (wallstreetpr) – Halliburton Company (NYSE:HAL) is expecting great returns from the market of North America. The chairman of the company Dave Lesar clearly stated that the North American fracking related services are showing good signs of growth. The pricing pressures have started to ease which is real good news for the industry. It is not only a good sign for the company but it an overall good growth sign for the US domestic oil and gas industry. The new beginning in the sector can lead to enhanced prosperity and will lead to increased profitability in the coming time.
The opportunities
Halliburton Company (NYSE:HAL) posted financial results that exceeded market expectations. The proprietary comments made by the Chairman are certainly positive and indicates growth. He expects the North America market to do much better than the other markets. It will be positive for the US economy. It will also help to create jobs. The company can focus more on the business expansion in the US. If the company prospers directly or indirectly, it is going to be beneficial for the shareholders.
The impressive figures
Halliburton Company (NYSE:HAL) posted the results that directly impressed the different participants in the industry. The results supported the statements of the Chairman. The company’s first quarter net income came at $622 million. It reported earnings per share at 73 cents against the expectations of 72 cents per share. The revenue figures showed a rise of 5% coming at $7.35 billion as compared to $6.97 billion from a year ago. Halliburton last year results were not as encouraging as it had reported a loss of $18 million last year.
The future guidance
The financial results for the quarter are impressive. Halliburton Company (NYSE:HAL) released strong guidance for the coming quarter. It expects a 25% rise in earnings in the coming quarter. The growth in North America will lead to higher revenues and wider margins.
