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7/22/2019, 12:52 PM (Source: TeleTrader)
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Halliburton's EPS drops 60% to $0.26 in Q2

American oil giant Halliburton Co. said on Monday that its basic net income attributable to company per share fell from $0.64 to $0.26 annually, a 59.37% drop, in the second quarter of 2019. At the same time, total revenue decreased by 1.85% from $11.88 billion to $11.66 billion.

The company noted that its operating income in the same quarter amounted to $668 million, diving from $1.14 billion a year ago, while total net income more than halved, arriving at $229 million.

"International revenue increased 6% sequentially, confirming our expectation of high singledigit international growth for all of 2019. Momentum is building internationally and activity improvement should continue into 2020. Halliburton has the footprint and the expanded technology portfolio to capitalize on this international growth," commented chairman and CEO of the company, Jeff Miller.

Stocks added 1.15% in premarket trade as the results came out.

Breaking the News / NI