Halliburton Expects Completion And Production Division Revenue To Be Down 1%-3% Sequentially In Q3
Portfolio Pulse from Benzinga Newsdesk
Halliburton expects its Completion and Production division revenue to decline by 1%-3% sequentially in Q3, as discussed in their conference call.
July 19, 2024 | 12:52 pm
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NEGATIVE IMPACT
Halliburton expects a 1%-3% sequential decline in Q3 revenue for its Completion and Production division, which could negatively impact its stock price in the short term.
A decline in revenue for a significant division like Completion and Production suggests potential challenges in the market or operational issues, which could lead to a negative short-term impact on Halliburton's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100