Weaker U.S. Fracking Drags Halliburton Earnings Below Estimates

Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per share of $0.73, below the analyst consensus estimate of $0.75. “We experienced a $0.02 per share impact to our adjusted earnings from lost...