Halliburton Profit Falls on U.S. Fracking Equipment Glut

Posted by Bloomberg: David Wethe on January 25th, 2013
Bloomberg: Halliburton Co. (HAL), the world’s second- largest oilfield-services provider, reported fourth-quarter earnings that beat analysts’ estimates as customers around the world boosted spending at the end of the year. Shares rose the most in more than a year. Excluding discontinued operations, the Houston-based company earned 63 cents a share, 2 cents higher than the average of 33 analysts’ estimates compiled by Bloomberg. Sales climbed 3.2 percent to $7.3 billion, which was more than the average of......

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