Shares of Halliburton Co. /zigman2/quotes/210488727/lastsale HAL -3.65% surged 2.3% in premarket trading Tuesday, after the oil services company reported a fourth-quarter adjusted profit and revenue that fell from a year ago, but beat expectations. The company swung to a net loss of $1.65 billion, or $1.88 a share, from a profit of $664 million, or 76 cents a share, in the year-ago period. Excluding non-recurring items, such as a $2.2 billion impairment charge to adjust its cost structure to market conditions, adjusted earnings per share came to 32 cents, above the FactSet consensus of 29 cents. Revenue fell 6% to $5.19 billion, beating the FactSet consensus of $5.13 billion. Completion and production revenue decreased 13% to $3.06 billion, just shy of the FactSet consensus of $3.07 billion, while drilling and evaluation revenue rose 4% to $2.13 billion, to beat expectations of $2.08 billion. North America revenue fell 21% from the sequential third quarter to $2.3 billion, due primarily to reduced activity and pricing of land, primarily associated with pressure pumping and well construction. The stock has climbed 22.2% over the past three months through Friday, while the VanEck Vectors Oil Services ETF /zigman2/quotes/207596637/lastsale OIH -6.47% has rallied 10.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -4.41% has advanced 10.7%.