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Halliburton (HAL -3.7%) shares sink after CFO Mark McCollum warns a drop in activity in its...

Halliburton (HAL -3.7%) shares sink after CFO Mark McCollum warns a drop in activity in its North American home market means Q3 revenue will decline, and lower pricing will knock as much as three percentage points off Q3 profit margins. Analyst consensus had expected a ~2% rise in Q/Q revenues. Also: SLB -2.1%, BHI -3.5%, CJES -3.9%.
Comments (1)
  • The above Market Current is a false quote. The article linked Reuters article does NOT say "Q3 revenue will decline" as written above -- it says "North American revenue would decline in the third quarter from the second". Halliburton does not get all of its revenue from North American as the person who wrote that false quote obviously thinks. If one segment of a global company's revenue declines, that does not mean total revenue declines and total revenue is all that matters.
    4 Sep 2012, 04:36 PM Reply Like
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