Halliburton Co

HAL: XNYS (USA)
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Halliburton Earnings: Low Expectations and New Investments Buoy Stock, but Upside Remains

In the third quarter, Halliburton's sales declined 2% year on year but rose 2% sequentially to $5.6 billion, while segment operating margin rose over 40 basis points to 15.4%. The firm took a pretax charge of $392 million, nearly half of which was tied to severance costs. Shares rose 11% intraday.

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