Halliburton Revenue Hit by Challenges

Halliburton (NYSE:HAL), a leading oilfield services company, reported its earnings for the third quarter of 2024 on Nov. 7. For the period, revenue totaled $5.7 billion, which was below the analyst estimate of $5.83 billion. The report showed a stabilization in revenue growth despite some significant operational challenges such as cyber incidents and adverse weather conditions.The company recorded a net earnings per share (EPS) of $0.65, which also fell short of the $0.753 forecast. Overall, the quarter was marked by technological advancements and strong international market performances, but the sequential decline in key segments and regions suggested caution moving forward.Source: Analyst estimates for the quarter provided by FactSet.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool