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Halliburton lands bigger profit than expected

The oil service unit exceeded many observers' profit projections for the share in a development that happened in spite of a significant slide in revenue compared to the fourth quarter 2014.

Photo: Weatherford PR

US-based oil service major Halliburton exited the fourth quarter in solid form - a period that was otherwise severely marred by the sliding oil prices. As such, the company made more money than projected by analysts.

Halliburton delivered an adjusted profit per share for continuing activities of 31 percent in the last three months of 2015, while analysts, according to estimates gathered by Bloomberg News, projected a 24 percent profit.

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