Boston, MA 04/22/2014 (wallstreetpr) – Halliburton Company (NYSE:HAL) has very recently announced the results of the earnings in the first quarter of the new financial year. The results have much to reveal about the Halliburton’s performance in this quarter, which seems to be in quite good condition right now.
It has been all about profits this year and also new partnerships. Halliburton has already made its move towards strategizing and planning its future endeavors. The company is looking for a way to step up on the ladder of progress. If Halliburton acquires a good pace at making progress, then nothing would be able to clip the wings of the soaring profits of the company.
Earnings Reported
Halliburton Company (NYSE:HAL) has announced its results for the first quarter and the results seem favorable for the business affairs of the company. Halliburton has had better profits than was expected. The revenue from the Middle East and Asia have increased by 13% for Halliburton while by 9% from Europe and Africa in the first quarter. Though the operating income from North America was reported to be flat, the revenue increased by a 5% from there.
Margins In North America
Halliburton, the world’s second largest provider of oilfield services is planning to upgrade its margins in North America, which have been in a bad condition for almost two years now. The Chief Executive Officer of the company, namely, Dave Lesar revealed that he was, in fact, very excited about Halliburton’s plans for North America. The drilling activity in North America has drastically decreased due to a fall in the natural gas prices there.
This has lead to a massive increase in the competition and magnified it wherein companies are involved in a constant tug of war, that too over a very limited number of contracts. This recovery planned for North America by Halliburton Company (NYSE:HAL) is expected to increase its earnings in the second quarter and also increase its earnings from international drilling markets.
