Halliburton meets earnings expectations, misses on revenue after Schlumberger’s $11B net loss

Houston-based Halliburton Co. (NYSE: HAL) saw revenue decline both sequentially and year over year in the third quarter of 2019, while net income was down from 2018 but up from the prior quarter.

The oil field services company’s $5.55 billion in revenue was down 10 percent from Q3 2018 and down 6.4 percent from Q2 2019. Analysts had expected revenue of $5.81 billion, according to Yahoo Finance.

International revenue was flat compared to Q2 2019 but up 10 percent year to date, while North American…

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