Halliburton Navigates Tough U.S. Land Market in Third-Quarter 2012,
Expects Lower CapEx Next Year, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 10/18/12 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- Energy services
provider Halliburton Company (NYSE:HAL) (Houston, Texas) reported
strong revenues but slightly weakened profits in the third quarter of
2012, as record quarterly revenues in the Latin American and Middle
Eastern-Asian regions were partly negated by weakened activity and
higher costs in the U.S. land market. Net income for the quarter was
reported to be $602 million, an 11.86% decrease from third-quarter
2011. Industrial Info is tracking more than $51 billion in active
projects involving Halliburton.
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