Halliburton 4Q profit jumps

Halliburton’s fourth-quarter earnings jumped 19 percent, as the oilfield services firm continued to see strong revenue growth overseas.

The company reported increased revenue of $7.64 billion, topping Wall Street estimates, and net income from continuing operations of $793 million, compared to $669 million a year earlier, according to Fox News.

Houston-based Halliburton, the largest provider of domestic hydraulic fracturing services, has moved to cut costs while dealing with an oversupply of equipment used to recover oil and gas from shale formations.

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