SOURCE: Industrial Info Resources

Industrial Info Resources

October 18, 2012 06:15 ET

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 - Oct 18, 2012) - 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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