Halliburton Profit Falls, Revenue Misses Expectations

Date : 10/21/2019 @ 11:29AM
Source : Dow Jones News
Stock : Halliburton Co (HAL)
Quote : 20.53  0.63 (3.17%) @ 9:01PM
After Hours
Last Trade
Last $ 20.53 ◊ 0.00 (0.00%)

Halliburton Profit Falls, Revenue Misses Expectations

Halliburton (NYSE:HAL)
Historical Stock Chart

1 Month : From Oct 2019 to Nov 2019

Click Here for more Halliburton Charts.

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.

Latest HAL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.