News Summary: Halliburton 3Q earnings fall

Associated Press Published: October 17, 2012

SLOWING DOWN: Halliburton Co.'s earnings fell 12 percent in the third quarter as business fell off in its core North America market. Revenue growth of 9 percent was the smallest in more than two years.

PASS ON GAS: Some of Halliburton's customers are pulling back on drilling for natural gas because supplies are plenty and prices are down from a year ago. An increase in oil drilling hasn't made up for that.

HOLD ON TIGHT: Dave Lesar, Halliburton's CEO, says conditions in North America over the next couple of quarters could be "pretty bumpy."

Trending Now


  1. 1
    10 Most Popular Wedding 'First Dance' Songs
  2. 2
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  3. 3
    Facebook Post Saves Drowning Teen
  4. 4
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
  5. 5
    The 19th-century health scare that told women to worry about "bicycle face"
+ show more