For big oilfield services provider Halliburton
In any event, in a solid -- just short of spectacular -- quarter, Halliburton earned $690 million, up nearly 5% from $658 million year over year. The per-share line came in at $0.75, compared to $0.64 last year. Revenues in the period were up 19% to $4.2 billion.
The company's results would have been more impressive, but for the softness in North America, which has been noted by Schlumberger
The resurgence, though still in the early stages, results from efforts by CEO Dave Lesar to strengthen the company. For instance, recognizing that the epicenter of energy had moved to the eastern hemisphere, Lesar last year relocated his headquarters to Dubai. Mercifully, he didn't direct his entire staff and their families to follow -- but it'd difficult to convince yours truly the company's increasing success in that part of the world is not related to this initiative.
Lesar's resettlement to climes even warmer than Houston followed his company's spinoff of KBR
Despite the challenges in North America, Halliburton appears to be lifting off. We'll know more about the company's relative strength in its industry when we see the results from Baker Hughes
For now, however, Halliburton appears to warrant lots of Foolish attention, as a seemingly undervalued member of the oilfield services contingent.
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