Halliburton Q1 Results Exceed Expectations, Latin America Revenue Grows 22%
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Glonghui, April 22 – U.S. oil services company Halliburton announced that its first quarter revenue remained flat year-on-year at $5.4 billion, with earnings per share of $0.55, both exceeding market expectations. Revenue in Latin America grew by 22% to $1.1 billion, mainly driven by increased activity in Ecuador, the Caribbean region, and Brazil. Revenue in Europe and Africa increased by 11% to $858 million, helping to offset a 13% decline in revenue from the Middle East and Asia.
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