Halliburton Q2 Revenue Falls Short as U.S. Operations Struggle
Despite international growth, Halliburton's North American revenue decline impacts overall performance.
- Halliburton reported Q2 earnings of $0.80 per share, matching estimates.
- Total revenue was $5.83 billion, below the expected $5.95 billion.
- North American revenue dropped 8%, driven by reduced pressure pumping services.
- International revenue increased by 8%, with strong performance in Europe, Asia, and Latin America.
- Halliburton's stock fell 4.9% following the earnings report, underperforming the market.