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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Halliburton Co | NYSE:HAL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.08% | 36.73 | 36.89 | 36.238 | 36.74 | 3,911,903 | 01:00:00 |
From May 2019 to May 2024
By Patrick Thomas
Oilfield services company Halliburton Co. (HAL) said its profit fell for its third quarter as revenue declined 10% amid softness in its North America business.
The Houston-based company reported a profit of $295 million, or 34 cents a share, compared with $435 million, or 50 cents a share, a year ago.
Analysts polled by FactSet were expecting earnings of 35 cents a share.
Revenue fell to $5.6 billion from $6.17 billion a year earlier. Analysts had expected $5.82 billion of revenue in the quarter. North America revenue decreased 11% sequentially, driven by customer activity declines, the company said.
Oilfield-services companies face a challenge as U.S. shale drillers look to cut spending amid a production slowdown.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 21, 2019 07:14 ET (11:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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