Investing.com - U.S. oil services firm (NYSE:Halliburton)'s second quarter earnings were boosted by a pick-up in U.S. drilling activity.
Halliburton reported basic, diluted earnings per share from continuing operations in the June quarter of $0.03, compared with a loss of $3.73 per share in the same period a year earlier.
It reported a loss per share of $0.04 in the first quarter of this year.
Adjusted income per share from continuing operations on a diluted basis came at $0.23, compared with an estimate of $0.18 and $0.04 a year earlier.
Revenues in the period climbed to $4.96 billion from $3.84 billion a year earlier. Revenues were forecast at $4.86 billion.
“Our performance this quarter demonstrates that Halliburton is the execution company,"" Executive Chairman Dave Lesar said.
North America revenue growth came in at 24% as the U.S. land rig count grew 21%.
Halliburton said it posted double-digit margin growth in the quarter.
Halliburton shares were off 2.01% at $43.49 at 09:45 ET after an early high of $45.30.