The company said Monday that North America revenue in the third quarter was $2.9 billion, an 11% drop from the second quarter of 2019, "primarily associated with lower activity and pricing in pressure pumping and well construction services in North America land." International revenue was $2.6 billion, flat with the second quarter.
"International revenue, which was flat sequentially, was up 10% year to date and we remain confident that we will achieve high single-digit international growth for all of 2019," said Jeff Miller, chairman, president and CEO. "International growth continues across multiple regions, benefiting both our Drilling and Evaluation and Completion and Production divisions."
Jim Cramer believes that Halliburton's quarter wasn't "revelatory" and that the stock can bounce from here.
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