Halliburton Beats On Profit, Sales Despite Demand Challenges
October 22 2018 - 7:29AM
Dow Jones News
Micah Maidenberg
Halliburton Co. (HAL) reported a profit of $435 million, or 50
cents a share, in the third quarter, despite what the oilfield
services company said was weaker demand in North America for some
services.
Earnings were up 19% compared to the same period last year.
Analysts surveyed by FactSet predicted 49 cents a share.
Sales rose 13% to $6.17 billion for the quarter, beating than
the $6.11 billion analysts expected, according to FactSet.
Halliburton's largest segment, completion and production, booked
sales of $4.17 billion in the third quarter, up 15% from last year.
The unit sells everything from cement oil-well casings to
chemicals.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 22, 2018 07:14 ET (11:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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