Halliburton Misses Q3 Expectations As North America Sales Falter; International Growth On The Horizon

Halliburton Company (NYSE:HAL) shares are trading lower after the company reported third-quarter results below the street expectations.

HAL reported a third-quarter revenue decline of 1.8% year-over-year to $5.697 billion, missing the consensus of $5.828 billion.

Completion and Production revenue was $3.299 billion, down 5% YoY, and the operating income declined to $669 million, reflecting reduced U.S. pressure pumping and lower tool sales in North America and Europe, partially offset by gains in the Middle East.

Drilling and Evaluation revenue rose 3.5% YoY to $2.398 billion, with operating income at $406 million, supported by higher Latin American drilling, global software sales, and increased Middle East wireline activity, offset by ...