Halliburton Reports Flat Second Quarter

Halliburton says net income was flat in the second quarter as an increase in international drilling was balanced by a slowdown in North America.

The Houston oil and natural gas services firm reported net income of $737 million from April to June, or $0.79 a share. That compares with $739 million for the same part of 2011. Revenue increased 22% to nearly $7.25 billion.

Excluding charges from discontinued operations, Halliburton says it earned $0.80 per share in the quarter.

Analysts, who typically exclude special charges, were expecting earnings of $0.75 a share on revenue of just under $7 billion, according to FactSet.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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