Halliburton Q3 Earnings Miss on Weak North American Activity
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Halliburton's Q3 earnings missed expectations due to weak North American activity, generating $841 million in cash flow from operations and $543 million in free cash flow.
November 08, 2024 | 5:00 pm
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Halliburton's Q3 earnings fell short of expectations due to weak activity in North America. The company generated $841 million in cash flow from operations and $543 million in free cash flow.
The earnings miss is likely to negatively impact Halliburton's stock price in the short term as it indicates weaker-than-expected performance in a key market. The cash flow figures, while positive, may not offset the negative sentiment from the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100