Halliburton Stock Slips Despite Better-Than-Expected Quarterly Results

Shares of Halliburton slipped despite posting better-than-expected quarterly results.
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Shares of Halliburton (HAL) - Get Report  slipped Wednesday despite posting better-than-expected quarterly results. The oil field services company reported an adjusted loss of $0.14 a share, which was less than analysts' estimates of a $0.19 loss a share. Revenue of $3.84 billion topped Wall Street's forecast of $3.75 billion, but slumped 35 percent year-over-year.CEO Dave Lesar said on a conference call Wednesday that this past quarter will be the trough of Halliburton's earnings as management expects to break-even in the North American space by the first quarter of 2017.