Friday, October 16, 2009

Halliburton's Profit Falls 61%


Very tasty, no wonder Big Dick is going back to the think tank trough.

Halliburton Co.'s third-quarter earnings slumped 61% as results were hurt by weakness in the North American drilling market amid the decline from last year in commodity prices.

But results exceeded Wall Street views.

Oil-services companies have been hurt by sharply lower demand, especially in the North American market, with its high vulnerability to plunging natural-gas prices.

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