Alamy HOUSTON -- Halliburton says it lost $18 million in the first quarter, pulled down by $637 million in charges related to its role in the 2010 Gulf of Mexico oil spill.
But it made money if unusual items are excluded, beating Wall Street expectations.
The oil services company's loss amounted to 2 cents a share. That compares with net income of $627 million, or 68 cents a share, a year earlier.
Halliburton Co. (HAL), which is in talks to settle claims against it related to the oil spill, said that excluding the charges it posted adjusted earnings of 67 cents a share. That beat the 57 cents that analysts expected.
10 Best Retail Stocks To Invest In 2014: Mutual Federal Bcp(MFDB.OB)
Mutual Federal Bancorp, Inc. operates as the holding company for Mutual Federal Savings and Loan Association of Chicago that provides various financial services in Chicago. Its deposit products include non-interest-bearing checking accounts, passbook savings, and fixed-term certificates of deposit accounts. The company?s loan portfolio comprises residential mortgage loans, which include one to four-family fixed-rate residential mortgage loans and multifamily residential mortgage loans; loans on deposit accounts; and consumer loans. It also provides insurance brokerage services. The company was founded in 1905 and is headquartered in Chicago, Illinois.Mutual Federal Bancorp Inc operates as a subsidiary of Mutual Federal Bancorp, MHC.
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