Halliburton’s international gains offset weaker North American revenue
Halliburton ($HAL) reported quarterly revenue of $5.7 billion, broadly unchanged from the preceding quarter. North American revenue fell 5% sequentially to $2.2 billion, while international revenue increased 3% to $3.5 billion. GAAP net income was $417 million, or $0.50 per share, compared with $534 million and $0.64 previously. Adjusted earnings improved to $501 million, or $0.60 per share, from $461 million and $0.55. Operating cash flow totaled $368 million and free cash flow was $156 million
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