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Update: Halliburton Shares Rise After Q1 Beat

-- (Updates with the latest stock price movement in the headline and the first paragraph.)

Halliburton (HAL) shares rose more than 4% on Tuesday after the company reported higher-than-expected Q1 adjusted earnings and revenue.

The company reported Q1 adjusted net income Tuesday of $0.55 per diluted share, down from $0.60 a year earlier.

Analysts polled by FactSet expected $0.50.

Revenue for the quarter ended March 31 was $5.40 billion, down from $5.42 billion a year earlier.

Analysts surveyed by FactSet expected $5.31 billion.

Price: $38.19, Change: $+1.51, Percent Change: +4.12%

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