Halliburton posts higher profit on North America demand

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A pump jack stands idle in Dewitt County, Texas January 13, 2016. (Reuters)

Oct 23 (Reuters) - Halliburton Co. (HAL) reported a rise in third-quarter profit as the oilfield services company benefited from strong drilling activity in North America, its biggest geography by sales.

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Net profit attributable to Halliburton rose to $365 million, or 42 cents per share, in the three months ended Sept. 30, from $6 million, or 1 cent per share, a year earlier.

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Halliburton said that in the nine months ended Sept. 30, 2016, which included its third quarter a year ago, it recorded a $3.5 billion charge after terminating a proposed deal to acquire Baker Hughes.

The world's No.3 oilfield services provider said on Monday its revenue rose to $5.44 billion in the latest quarter from $3.83 billion a year earlier.

(Reporting by Yashaswini Swamynathan in Bengaluru)

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