Halliburton profit falls 32% on weak North America drilling

Halliburton profit falls 32% on weak North America drilling

FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo

(Reuters) – Oilfield services provider Halliburton Co (HAL.N) reported a 32% slump in quarterly profit on Monday, hit by a slowdown in shale drilling in North America, its biggest market.

Net profit attributable to Halliburton fell to $295 million, or 34 cents per share, in the third quarter ended Sept. 30, from $435 million, or 50 cents per share, a year earlier.

Revenue fell 10% to $5.55 billion.

Reporting by Shariq Khan and Taru Jain in Bengaluru; Editing by Sriraj Kalluvila

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