Halliburton Posts $1.7 Billion Q2 Decline Revenues Plunge

Halliburton Posts $1.7 Billion Q2 Loss; Revenues Plunge

Halliburton Co.  (HAL) – Get Report posted a narrower-than-anticipated second reduction Monday, but nevertheless observed revenues at much less than 50 percent of previous year’s complete as the coronavirus pandemic crippled crude drilling tasks in key markets all over the planet. 

Halliburton claimed its altered reduction for the three months ending in June was pegged at 5 cents for every share, down from a profit of 35 cents a share very last yr and modestly superior than the Avenue consensus forecast. The firm’s described loss was $1.91 for every share, or $1.7 billion. Team revenues, Halliburton explained, fell 45.8% from previous 12 months to $3.2 billion, lacking analysts’ estimates of a $3.35 billion tally.

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