Monday, October 17, 2011

Haliburton beats estimates...but stock sells off...

Halliburton Co. (HAL). The oilfield services company reported a higher-than-expected third-quarter profit, as more drillers tapped its expertise in extracting oil and gas from U.S. shale rock. Net profit climbed to $683 million, or 74 cents per share, from $544 million, or 60 cents per share, a year earlier.


HAL is currently down 2.66 to 34.80

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