Halliburton’s net loss in January-September was $ 2.7 billion

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Halliburton’s net loss in January-September was $ 2.7 billion

22.10.2020 News

The net loss of the American oil service company Halliburton Inc., attributable to the main company, in January-September amounted to 2.71 billion dollars against the profit of 522 million a year earlier, according to the company reports.

Halliburton’s diluted loss per share in the reporting period was $ 3.08 against earnings of $ 0.6 a year earlier. The company’s revenue reached to 11.208 billion dollars, the decrease of 35% in the annual terms.

In the third quarter, Halliburton’s net loss was $ 17 million against the profit of 295 million a year earlier. The loss per share of the company in July-September was $ 0.02 against the profit of $ 0.34 a year earlier. Quarterly revenue fell to 1.8 times year-over-year to $ 2.975 billion, while analysts expected 3.09 billion.

According to Halliburton President Jeff Miller, the company’s results for the third quarter show that the company effectively adheres to its strategic priorities.

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