UPDATE: Halliburton Reports 54% Surge In Q2 Net Income; Shares Rise In Pre-Market

Halliburton Co HAL reported a 54% rise in its second-quarter net income. Halliburton's quarterly earnings jumped to $739 million, or $0.80 per share, from $480 million, or $0.53 per share, in the year-ago period. Its revenue climbed to $5.94 billion from $4.39 billion. Excluding one-time items, Halliburton's earnings came in at $0.81 per share. However, analysts were expecting earnings of $0.73 per share on revenue of $5.63 billion. Halliburton shares surged 2.34% to $54.32 in pre-market trading.