Halliburton posts fourth-quarter profit compared with year-ago loss

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January 22, 2019

(Reuters) – Oilfield services provider Halliburton Co <HAL.N> reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes.

The company said net income attributable to the company was $664 million, or 76 cents per share, for the fourth quarter ended Dec. 31, compared with a loss of $824 million or 94 cents per share, a year earlier.

Revenue was largely flat at $5.94 billion.

(Reporting by John Benny in Bengaluru)

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