Halliburton profit surges 31 percent as drilling booms outside North America

Tue Jan 21, 2014 7:12am EST

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012.

Credit: Reuters/Richard Carson

(Reuters) - Halliburton Co (HAL.N) reported a 31 percent rise in quarterly profit as the world's second-largest oilfield services company's push into global markets more than made up for weakness in North America.

Income from continuing operations rose to $770 million, or 90 cents per share, in the fourth quarter ended December 31, from $589 million, or 63 cents per share, a year earlier.

Revenue rose 5 percent to $7.64 billion.

(Reporting by Swetha Gopinath in Bangalore; Editing by Don Sebastian)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.