Halliburton Stock Slides as Regional Pressure Squeezes Middle East Revenue
Halliburton Earnings beat estimates, but weaker Middle East activity and a modest EPS surprise weighed on shares.
Halliburton made more money than people expected, but oil work in the Middle East slowed down, which made investors worried. When a company does well but one big area gets quieter, it's worth watching to see if that slowdown spreads to other regions or gets better soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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