Haliburton earnings down 85% due to depreciation and severance costs



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(Reuters) – Halliburton on Monday saw a 85.3 percent drop in quarterly profit, hurt by lower badet and staff cut costs as oil services continue to cut costs to fight oil weakness .

Haliburton's net income fell to $ 75 million, or 9 cents a share, in the second quarter of June 30 from $ 511 million, or 58 cents a share, in the same period of the year. former.

Revenues dropped to $ 5.93 billion from $ 6.15 billion in the corresponding quarter.

(Reuters)

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