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Stock impact report

Halliburton profit beats on international demand, North America lags 7:54am EST [Reuters]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Reuters
Halliburton profit beats on international demand, North America lags | Reuters 3 Min Read (Reuters) - Halliburton Co ( HAL.N ) beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America. Clients in North America, Halliburton’s biggest market by revenue, began pulling back on some drilling services last year amid transportation bottlenecks in the largest U.S. production region and after oil prices slid sharply in the fourth quarter. An oil glut and concerns about a global economic slowdown have pushed U.S. crude CLc1 down about 30 percent since their October high to around $53 a barrel. Houston-based Halliburton said revenue from North America fell about 2 percent to $3.3 billion from a year earlier and dropped 11 percent from the third quarter. International revenue rose to $2.6 billion from $2.5 billion from a year earlier. It rose 7 percent from the third quarter. “In North Amer Show less Read more
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