Halliburton Rises on Q2 Earnings Results

Shares of oil service Halliburton Company (NYSE: HAL) are higher in a declining market on Monday after the company reported its Q2 earnings prior to the opening bell. Halliburton reported net income of $737 million or $0.79 per share versus $739 million or $0.80 per share in the year ago period.

Income from continuing operations was $745 million or $0.80 per share. This compared to analysts' consensus EPS estimates of $0.75.

Total revenue in the period was up to $7.23 billion from $5.94 billion last year. This came in ahead of Wall Street revenue expectations of $6.96 billion.

"I am pleased with our second quarter results, which set a new revenue record for the total company and all three of our international regions. We continue to be successful in executing our strategy of market share growth while maintaining a focus on industry-leading returns," Chairman, President and CEO Dave Lesar said in a statement.

In mid-day trading on Monday, HAL shares had risen 2.5 percent to $31.55 after opening the session lower.