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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.



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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

Politics and Government Reporter

Andrew Schneider is the senior reporter for politics and government at Houston Public Media, NPR's affiliate station in Houston, Texas. In this capacity, he heads the station's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments...

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