Halliburton stock price swings after Q3 earnings
Halliburton shares jumped 11.6% on Tuesday after the Houston-based oil service company reported its Q3 revenue of $5.6 billion, surpassing Wall Street’s estimate of $5.39 billion.
The company reported adjusted net income of $0.58 per share (diluted), with an adjusted margin of 13%, reflecting strong cost controls and stable international demand.
In the international market, our value proposition is winning with customers, we are demonstrating differentiated performance both on and off-shore, and our growth engineers are on track.
Regionally, North American revenue rose 5% due to increased activity in the U.S. and Canada, while international sales remained flat. Increases in Africa and Latin America offset lower activity in…
