HOUSTON (AP) _ Halliburton Co. (HAL) on Monday reported a fourth-quarter loss of $28 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of 3 cents per share. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 31 cents per share.
The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The provider of drilling services to oil and gas operators posted revenue of $5.08 billion in the period, missing Street forecasts. Twelve analysts surveyed by Zacks expected $5.1 billion.
For the year, the company reported a loss of $671 million, or 79 cents per share, swinging to a loss in the period. Revenue was reported as $23.63 billion.
Halliburton shares have dropped 11 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped nearly 7 percent. The stock has fallen 26 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAL at http://www.zacks.com/ap/HAL
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Keywords: Halliburton, Earnings Report